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[MUSIC] [MUSIC] 

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-- GOOD MORNING. THE HUMAN 

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SERVICES, LABOR AND ECONOMIC 

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DEVELOPMENT COMMITTEE MEETING OF

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THE SEATTLE CITY COUNCIL WILL 

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NOW COME TO ORDER. IT IS 9:33 

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A.M. FRIDAY, JULY 17th, 2026. 

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I'M COUNCILMEMBER ALEXIS 

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MERCEDES RINCK, CHAIR OF THE 

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COMMITTEE. WILL THE COMMITTEE 

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CLERK PLEASE CALL THE ROLL AND 

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LET THE RECORD REFLECT THAT? 

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COUNCIL PRESIDENT HOLLINGSWORTH 

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AND VICE CHAIR FOSTER ARE 

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EXCUSED. 

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-- COUNCILMEMBER JUAREZ HERE. 

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COUNCILMEMBER SAKA 

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-- MORNING HERE. 

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-- CHAIR RINCK PRESENT CHAIR. 

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-- THERE ARE THREE MEMBERS 

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PRESENT AND TWO EXCUSED. 

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-- THANK YOU. WE WILL NOW MOVE 

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ON TO APPROVAL OF TODAY'S 

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AGENDA. IF THERE IS NO 

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OBJECTION, THE AGENDA WILL BE 

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ADOPTED. HEARING NO OBJECTION, 

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THE AGENDA IS ADOPTED. THANK 

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YOU. COLLEAGUES, WE HAVE A 

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ROBUST AGENDA FOR TODAY. FIRST, 

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WE HAVE A BRIEFING, DISCUSSION 

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AND POSSIBLE VOTES ON AN 

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ORDINANCE BROUGHT TO THE COUNCIL

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BY SEATTLE HUMAN SERVICES, HUMAN

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RESOURCES DEPARTMENT AND SEATTLE

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I.T., WHICH WHICH CLASS ACTION 

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SERIES FOR INFORMATION 

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TECHNOLOGY PROFESSIONALS ACROSS 

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THE CITY. THE DEPARTMENT SAY 

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THAT THIS UPDATE IS CRUCIAL TO 

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THE CITY'S ABILITY TO ATTRACT 

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AND RETAIN IT WORKERS. FOLLOWING

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THAT, THERE WILL BE A BRIEFING 

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FROM THE OFFICE OF ECONOMIC 

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DEVELOPMENT, OR OED, REGARDING 

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COMMERCIAL AFFORDABILITY ISSUES 

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IN SEATTLE. THE AFFORDABILITY 

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CRISIS IN SEATTLE ISN'T JUST 

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HURTING PEOPLE AND FAMILIES, 

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IT'S ALSO IMPACTING OUR LOCAL 

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BUSINESSES AND NEIGHBORHOOD 

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BUSINESS DISTRICTS AND OUR 

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OFFICE OF ECONOMIC DEVELOPMENT 

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HAS LONG WORKED TO SUPPORT SMALL

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BUSINESSES AND INVEST IN OUR 

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NEIGHBORHOOD BUSINESS DISTRICTS,

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AND THIS WORK HAS GIVEN THEM 

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UNIQUE INSIGHTS INTO THE MANY 

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CHALLENGES FACING OUR SMALL 

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BUSINESSES. AND I'M REALLY 

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LOOKING FORWARD TO HEARING 

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DIRECTLY FROM THEM TODAY. AND 

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THEN WE WILL CLOSE WITH A 

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ROUNDTABLE DISCUSSION WITH SMALL

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BUSINESSES ON HOW THEY'RE BEING

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IMPACTED FROM SECURING A GOOD 

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LEASE TO FUNDING TENANT 

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IMPROVEMENTS, TO DEALING WITH 

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SKYROCKETING INSURANCE COSTS OR 

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PERMIT SURPRISES. OUR SMALL 

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BUSINESSES AND THE FOLKS WHO 

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LEASE TO THEM HAVE TO NAVIGATE A

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LOT TO MAKE ENDS MEET IN THE 

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BEST OF TIMES. AND I THINK WE 

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KNOW WE ARE NOT IN THE BEST OF 

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TIMES RIGHT NOW. SO WE'RE GOING

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TO BE HEARING FROM FOLKS ON THE 

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FRONT LINES OF COMMERCIAL 

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AFFORDABILITY CRISIS AND ABOUT 

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THE HEADWINDS THEY FACE IN 

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TRYING TO BUILD AND FIND SPACE 

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FOR THEIR BUSINESSES. AND IT IS 

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MY HOPE THAT WE CAN LEARN FROM 

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THE MOST IMPACTED AND WORK 

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TOGETHER TO IDENTIFY WAYS TO 

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REMOVE SOME OF THESE OBSTACLES 

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THAT PEOPLE ARE FACING. AND WITH

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THAT, WE WILL NOW OPEN THE 

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PUBLIC COMMENT PERIOD. PUBLIC 

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COMMENTS SHOULD RELATE TO ITEMS 

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ON TODAY'S AGENDA OR WITHIN THE

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PURVIEW OF THIS COMMITTEE CLERK.

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HOW MANY SPEAKERS DO WE HAVE 

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SIGNED UP FOR TODAY? 

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-- CURRENTLY, WE HAVE TWO 

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IN-PERSON SPEAKERS SIGNED UP AND

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ONE REMOTE SPEAKER. 

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-- THANK YOU. EACH SPEAKER WILL 

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HAVE TWO MINUTES, AND WE WILL 

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START WITH IN PERSON SPEAKERS. 

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FIRST CLERK, CAN YOU PLEASE READ

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THE PUBLIC COMMENT INSTRUCTIONS?

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-- THE PUBLIC COMMENT PERIOD 

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WILL BE MODERATED IN THE 

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FOLLOWING MANNER. THE PUBLIC 

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COMMENT PERIOD IS UP TO 60 

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MINUTES. SPEAKERS WILL BE CALLED

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IN IN THE ORDER IN WHICH THEY 

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REGISTERED. SPEAKERS WILL 

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ALTERNATE BETWEEN SETS OF 

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IN-PERSON AND REMOTE SPEAKERS 

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UNTIL THE PUBLIC COMMENT PERIOD 

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HAS ENDED. PLEASE BEGIN SPEAKING

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BY STATING YOUR NAME AND THE 

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ITEM THAT YOU'RE ADDRESSING. 

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SPEAKERS WILL HEAR A CHIME WHEN 

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10 SECONDS ARE LEFT ON THEIR 

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TIME. SPEAKERS WILL BE MUTED IF 

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THEY DO NOT END THEIR COMMENTS 

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WITHIN THE ALLOTTED TIME. TO 

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ALLOW US TO CALL ON THE NEXT 

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SPEAKER. THE PUBLIC COMMENT 

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PERIOD IS NOW OPEN, AND WE WILL 

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BEGIN WITH THE FIRST SPEAKER ON 

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THE LIST. 

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-- THANK YOU SO MUCH, CLERK. THE

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FIRST IN-PERSON SPEAKER IS HIND 

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OUSLEY. WHICHEVER MIC YOU'D 

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LIKE, MAKE SURE YOU KEEP THE MIC

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CLOSE TO YOUR MOUTH SO WE CAN 

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FULLY HEAR YOUR REMARKS. 

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PERFECT. 

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-- GOOD MORNING EVERYONE. GOOD 

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MORNING, CHAIR RINCK AND 

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COUNCILMEMBERS. I'M AND I'M 

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THE EXECUTIVE DIRECTOR OF 

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REFUGEE ARTISAN INITIATIVE OUT 

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OF LAKE CITY. HELLO. I JOINED IN

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MY POSITION IN MAY AND IT'S BEEN

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A PLEASURE TO WORK WITH A GROUP 

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OF COMMITTED TEAM MEMBERS AND 

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ARTISANS THAT WE SUPPORT THROUGH

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WORKFORCE DEVELOPMENT. OUR FOCUS

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IS ON CREATING INCOME THROUGH 

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PATHWAYS THAT ARE SUSTAINABLE 

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FOR REFUGEE AND IMMIGRANT WOMEN 

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THAT ARE LIVE THROUGHOUT 

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SEATTLE. IN ADDITION TO THE LAKE

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CITY AREA, ONE OF THE THINGS 

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THAT WE TACKLE IS BEING ABLE TO 

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NOT ONLY PROVIDE THE TRAINING 

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AND THEN FIND JOB PLACEMENT, BUT

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ALSO SUPPORT THE WOMEN WHO 

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GRADUATE IN THE TEXTILE INDUSTRY

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OR CATERING INDUSTRY OR OTHER 

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INDUSTRIES THAT THEY'RE 

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INTERESTED IN, BE ABLE TO FIND A

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PLACE WHERE THEY CAN START THEIR

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OWN MICRO-ENTERPRISE IN LAKE 

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CITY IN PARTICULAR, IT'S IT'S A

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WONDERFUL LOCATION WHERE 

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THERE'S A THRIVING COMMUNITY OF

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IMMIGRANTS AND REFUGEES. 

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HOWEVER, WE'RE DAUNTED BY THE 

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FACT THAT THERE ARE A LOT OF 

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BUSINESSES THAT ARE VACANT, 

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CLOSED WHERE THEY HAVE ABSENT 

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LANDOWNERS OR BUSINESS OWNERS. 

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AND IT MAKES IT VERY DIFFICULT 

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FOR FOR NEW ENTERPRISES TO START

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UP AND BE ABLE TO FIND LOCATIONS

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THAT WORK FOR THEM. SO AS WE 

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LOOK FORWARD, WE'D LIKE TO KEEP

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OUR ENTERPRISING PATHWAYS FOR 

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OUR WOMEN AND REFUGEES IN THE 

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AREAS WHERE THEY LIVE AND WORK, 

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LIKE IN LAKE CITY, WHERE THEY 

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HAVE A COMMUNITY, BUT IT'S VERY

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DIFFICULT FOR THEM TO BREAK IN 

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TO TO LAKE CITY IN PARTICULAR. 

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SO I WANTED TO HIGHLIGHT THAT AS

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WE TALK ABOUT THE, THE 

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AFFORDABILITY AND 

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COMMERCIALIZATION ASPECT OF THE 

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TOPIC TODAY. THANK YOU. 

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-- THANK YOU SO MUCH. OUR NEXT 

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IN-PERSON SPEAKER IS FATIMA 

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-- HI. GOOD MORNING, CHAIR RINCK

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AND COMMITTEE MEMBERS. MY NAME 

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IS FATIMA AND I ALSO REPRESENT 

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REFUGEE ARTISAN INITIATIVE. MY 

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COLLEAGUE JUST SHARED A LOT OF 

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IMPORTANT THINGS, AND I ALSO 

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WANT TO SHARE MORE ABOUT THE 

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COMMERCIAL AFFORDABILITY MATTERS

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AS IT RELATES TO OUR COMMUNITY. 

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ACCORDING TO A NEW AMERICANS IN 

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WASHINGTON STUDY, THERE ARE 

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ROUGHLY ONLY ABOUT 80,000 

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IMMIGRANT ENTREPRENEURS AND 7400

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REFUGEE ENTREPRENEURS IN 

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WASHINGTON, WITH ONLY A SMALL OF

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THAT SMALL PORTION OF THEM BEING

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WOMEN IN SEATTLE. MANY OF OUR 

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ARTISANS ARE INTERESTED IN THE 

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ENTREPRENEURIAL PATH. A COUPLE 

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ARE CURRENTLY SMALL BUSINESS 

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OWNERS THEMSELVES, AS HAD 

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MENTIONED, SELLING GOODS THEY'VE

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MADE RUNNING ENTERPRISES OUT OF 

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THEIR HOMES OR SHARED SPACES, 

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MARKETS, AND STOREFRONTS ACROSS 

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THE CITY. RISING COSTS FOR 

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WORKSPACE, MATERIALS AND RETAIL 

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SPACE DIRECTLY DETERMINE WHETHER

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THE TRAINING AND INCOME 

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GENERATION WORK WE DO ACTUALLY 

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TRANSLATES INTO LASTING, 

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SUSTAINABLE, INDEPENDENT 

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LIVELIHOODS. AS YOU HEAR FROM 

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OED AND OTHER COMMUNITY 

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PRESENTERS TODAY ON COMMERCIAL 

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AFFORDABILITY, WE ASK THAT 

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REFUGEE LED, IMMIGRANT LED AND 

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WOMEN LED MICRO-ENTERPRISES STAY

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A PART OF THAT CONVERSATION. 

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THESE ARE EXACTLY THE SMALL 

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BUSINESSES THAT CITYWIDE 

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AFFORDABILITY POLICY CAN MAKE OR

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BREAK. I ALSO WOULD LIKE TO 

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ENCOURAGE TO FOR THE COUNCIL TO 

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THINK ABOUT HOW WE CAN MAKE IT 

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COMPETITIVE TO AFFORD LOCALLY 

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MADE ITEMS VERSUS THINGS THAT 

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ARE INTERNATIONAL OR CHEAPER, 

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EVEN DESPITE THE TARIFFS. 

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THAT'S BEEN A CHALLENGE LOCALLY.

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AND ADDITIONALLY, HOW CAN WE 

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COMPETE WITH CORPORATIONS LIKE 

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AMAZON AND OTHERS WHO PROVIDE 

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DELIVERY, ESPECIALLY IN A CITY 

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WHERE YOU MAY NOT HAVE 

242
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TRANSPORTATION TO KIND OF ACCESS

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THESE MATERIALS AND BUSINESSES. 

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AND THANK YOU TO THE CITY OF 

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SEATTLE FOR SERVICES DEPARTMENT,

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OFFICE OF ARTS AND CULTURE, 

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SEATTLE PUBLIC UTILITIES. WE'RE

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EXCITED TO KEEP SHARING OUR 

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IMPACT THROUGH THIS FUNDING THAT

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WE'VE RECEIVED AND THE 

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PARTICIPANTS, THANK YOU FOR YOUR

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TIME. APPRECIATE YOUR CONTINUED 

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PARTNERSHIP. 

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-- THANK YOU SO MUCH, FATIMA 

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WITH THAT, WE WILL NOW MOVE TO 

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OUR REMOTE SPEAKERS 

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00:07:54,407 --> 00:07:55,942
-- THE FIRST ONLINE SPEAKER IS 

258
00:07:55,942 --> 00:07:57,076
DAVID HAYNES. PLEASE PRESS STAR 

259
00:07:57,076 --> 00:07:58,110
SIX. WHEN YOU HEAR THE PROMPT. 

260
00:07:58,110 --> 00:08:05,852
YOU HAVE BEEN UNMUTED. 

261
00:08:05,852 --> 00:08:07,820
-- HI. THANK YOU, DAVID HAYNES. 

262
00:08:07,820 --> 00:08:10,857
ONE OF THE WORST THINGS ABOUT 

263
00:08:10,857 --> 00:08:13,826
SEATTLE IS WHEN THE DOWNTOWN 

264
00:08:13,826 --> 00:08:14,393
SEATTLE ASSOCIATION HIRED A 

265
00:08:14,393 --> 00:08:16,929
RETAIL ADVOCATE WHO TESTIFIED 

266
00:08:16,929 --> 00:08:17,797
BEFORE COUNCIL THAT THE BEST 

267
00:08:17,797 --> 00:08:19,031
SIGN OF A HEALTHY ECONOMY IS 

268
00:08:19,031 --> 00:08:20,967
WHEN ALL RENTS ARE UP. AND IF 

269
00:08:20,967 --> 00:08:22,802
YOU TOOK A. IF YOU TAKE A LOOK 

270
00:08:22,802 --> 00:08:24,370
AT THE LOW QUALITY BUILDINGS 

271
00:08:24,370 --> 00:08:26,706
THAT. THE SMALL BUSINESSES ARE 

272
00:08:26,706 --> 00:08:28,174
FORCED TO SHARE, LIKE 

273
00:08:28,174 --> 00:08:29,942
SHARECROPPER RENTALS THAT ARE 

274
00:08:29,942 --> 00:08:31,644
BEING SHAKEN DOWN, THAT ARE 

275
00:08:31,644 --> 00:08:32,278
FORCED TO DEBT SERVICE A POLICE 

276
00:08:32,278 --> 00:08:34,480
STATE ECONOMY OF ARTIFICIALLY 

277
00:08:34,480 --> 00:08:35,748
INFLATED PROPERTY VALUES THAT 

278
00:08:35,748 --> 00:08:38,618
DEVALUE THE WORKING CLASS 

279
00:08:38,618 --> 00:08:40,586
VALUES. WE NEED TO REVISIT THE 

280
00:08:40,586 --> 00:08:44,123
PREDATORY STALKING KING COUNTY 

281
00:08:44,123 --> 00:08:44,991
PROPERTY ASSESSORS. DAMAGE TO 

282
00:08:44,991 --> 00:08:47,560
THE ECONOMY WHEN JOHN WILSON 

283
00:08:47,560 --> 00:08:49,795
PURPOSELY DOUBLED AND TRIPLED 

284
00:08:49,795 --> 00:08:50,930
THE ARTIFICIAL INFLATED PROPERTY

285
00:08:50,930 --> 00:08:53,199
VALUES, NEVER LETTING UP ON 

286
00:08:53,199 --> 00:08:55,868
GOUGING THE TAXES. AND YET THE 

287
00:08:55,868 --> 00:08:58,170
POLITICIANS LOOK THE OTHER WAY 

288
00:08:58,170 --> 00:08:58,804
BECAUSE THEY LEVITATED OFF THE 

289
00:08:58,804 --> 00:09:01,674
PROPERTY VALUES. BUT THE PROBLEM

290
00:09:01,674 --> 00:09:03,442
IS, WHEN THE SMALL BUSINESS 

291
00:09:03,442 --> 00:09:05,378
OPENS UP, THEY DON'T HAVE THE 

292
00:09:05,378 --> 00:09:07,880
ROBUST FLOOR SPACE TO OFFER THE 

293
00:09:07,880 --> 00:09:10,416
GRACE OF PERSONAL SPACE FOR THE 

294
00:09:10,416 --> 00:09:12,552
CUSTOMER TO MAKE THE 

295
00:09:12,552 --> 00:09:14,220
NEIGHBORHOOD FEEL INVITED. 

296
00:09:14,220 --> 00:09:16,155
INSTEAD, THE CUSTOMER IS ALWAYS 

297
00:09:16,155 --> 00:09:17,823
RUSHED AND HURRIED AND BOTHERED 

298
00:09:17,823 --> 00:09:19,859
BY THE PERSONAL SPACE THAT 

299
00:09:19,859 --> 00:09:21,093
SOMEBODY ELSE INVADES. BECAUSE 

300
00:09:21,093 --> 00:09:23,696
OF THE FLAWED FLOOR PLANS, LIKE 

301
00:09:23,696 --> 00:09:25,631
SEATTLE NEEDS A 21st CENTURY 

302
00:09:25,631 --> 00:09:27,667
FIRST WORLD QUALITY 

303
00:09:27,667 --> 00:09:29,902
REDEVELOPMENT. INSTEAD OF TRYING

304
00:09:29,902 --> 00:09:31,837
TO PROP UP THE SAME DILAPIDATED,

305
00:09:31,837 --> 00:09:33,506
INFLATED, FLAWED FLOOR PLANS 

306
00:09:33,506 --> 00:09:34,440
THAT ARE STILL OWNED BY THE 

307
00:09:34,440 --> 00:09:36,342
BANKS THAT ARE SHAKING DOWN THE 

308
00:09:36,342 --> 00:09:38,577
SMALL BUSINESSES THAT ARE GOING 

309
00:09:38,577 --> 00:09:40,246
TO BE WELFARE SUBSIDIZED BASED 

310
00:09:40,246 --> 00:09:42,381
ON THEIR SKIN COLOR AND THEIR 

311
00:09:42,381 --> 00:09:44,617
ORIENTATION FOR SHORT PERIOD OF 

312
00:09:44,617 --> 00:09:46,152
TIME ONLY IF THEY KEEP PROPPING 

313
00:09:46,152 --> 00:09:48,387
UP THE ARTIFICIALLY INFLATED 

314
00:09:48,387 --> 00:09:50,222
PROPERTY VALUES THAT KEEP 

315
00:09:50,222 --> 00:09:51,757
HITTING THE EMPLOYER AGAINST THE

316
00:09:51,757 --> 00:09:55,294
EMPLOYEE WHO DOES ALL THE WORK. 

317
00:09:55,294 --> 00:09:57,296
YET BECAUSE OF ALL THE MONEY 

318
00:09:57,296 --> 00:09:57,797
THAT'S BEING PAID TO 

319
00:09:57,797 --> 00:10:00,633
ARTIFICIALLY PROP UP INFLATED, 

320
00:10:00,633 --> 00:10:01,934
DILAPIDATED, FLAWED FLOOR PLANS 

321
00:10:01,934 --> 00:10:04,370
IN THE REAL ESTATE, IT'S 

322
00:10:04,370 --> 00:10:05,371
DESTROYING THE ECONOMY. BUT WHEN

323
00:10:05,371 --> 00:10:07,573
YOU ALL CHANGE EVERYTHING IN A 

324
00:10:07,573 --> 00:10:11,277
RACIST PERVERSION, REGURGITATING

325
00:10:11,277 --> 00:10:11,477
HATE. 

326
00:10:11,477 --> 00:10:14,146
-- THANK YOU DAVID. THERE ARE NO

327
00:10:14,146 --> 00:10:14,780
ADDITIONAL REGISTERED SPEAKERS, 

328
00:10:14,780 --> 00:10:18,784
SO WE WILL NOW PROCEED TO OUR 

329
00:10:18,784 --> 00:10:21,253
ITEMS OF BUSINESS. AND FIRST, 

330
00:10:21,253 --> 00:10:22,388
MOVING TO OUR FIRST ITEM OF 

331
00:10:22,388 --> 00:10:24,123
BUSINESS, WILL THE CLERK PLEASE 

332
00:10:24,123 --> 00:10:25,992
READ ITEM ONE INTO THE RECORD? 

333
00:10:25,992 --> 00:10:29,028
-- ITEM ONE COUNCIL BILL ONE 

334
00:10:29,028 --> 00:10:30,496
21225. AN ORDINANCE RELATING TO 

335
00:10:30,496 --> 00:10:33,065
CITY EMPLOYMENT ESTABLISHING THE

336
00:10:33,065 --> 00:10:35,034
NEW INFORMATION I.T TALENT 

337
00:10:35,034 --> 00:10:36,669
MODERNIZATION, CLASSIFICATION, 

338
00:10:36,669 --> 00:10:37,103
TITLE STRUCTURE AND 

339
00:10:37,103 --> 00:10:38,304
CORRESPONDING RATES OF PAY FOR 

340
00:10:38,304 --> 00:10:39,772
IT POSITIONS ACROSS CITY 

341
00:10:39,772 --> 00:10:43,409
DEPARTMENTS. BRIEFING, 

342
00:10:43,409 --> 00:10:44,043
DISCUSSION AND POSSIBLE VOTES. 

343
00:10:44,043 --> 00:10:46,812
-- THANK YOU SO MUCH. AND AS OUR

344
00:10:46,812 --> 00:10:47,680
PRESENTERS GET SETTLED IN AT THE

345
00:10:47,680 --> 00:10:49,815
TABLE, YOU CAN PLEASE UNMUTE 

346
00:10:49,815 --> 00:10:51,650
YOUR MICROPHONES AND INTRODUCE 

347
00:10:51,650 --> 00:10:53,486
YOURSELF BY STATING YOUR FULL 

348
00:10:53,486 --> 00:10:57,023
NAME INTO THE MICROPHONE FOR THE

349
00:10:57,023 --> 00:11:04,997
PUBLIC RECORD. 

350
00:11:05,231 --> 00:11:12,538
-- GOOD MORNING. I'M DR. 

351
00:11:12,538 --> 00:11:13,539
KIMBERLY LOVING AND I'M THE 

352
00:11:13,539 --> 00:11:15,041
DEPARTMENT DIRECTOR OF SEATTLE 

353
00:11:15,041 --> 00:11:15,841
DEPARTMENT OF HUMAN RESOURCES. 

354
00:11:15,841 --> 00:11:18,544
THANK YOU FOR HAVING US. GOOD 

355
00:11:18,544 --> 00:11:20,012
MORNING. MY NAME IS SHANNON 

356
00:11:20,012 --> 00:11:21,847
SMITH. I AM THE CHIEF TECHNOLOGY

357
00:11:21,847 --> 00:11:23,849
OFFICER FOR THE CITY OF SEATTLE.

358
00:11:23,849 --> 00:11:25,718
-- AND AGAIN, GOOD MORNING, 

359
00:11:25,718 --> 00:11:28,054
WILLIAM WINFIELD. I AM THE 

360
00:11:28,054 --> 00:11:29,555
CITY'S LABOR RELATIONS DIRECTOR.

361
00:11:29,555 --> 00:11:30,289
-- GOOD MORNING. COUNCILMEMBERS.

362
00:11:30,289 --> 00:11:35,061
WILLIAM SMITH, CHIEF OF STAFF 

363
00:11:35,061 --> 00:11:35,461
FOR SEATTLE I.T. 

364
00:11:35,461 --> 00:11:37,263
-- SO BEAR WITH ME. I HAVEN'T 

365
00:11:37,263 --> 00:11:39,165
USED THIS LAPTOP YET, SO THANK 

366
00:11:39,165 --> 00:11:41,133
YOU FOR YOUR TIME TODAY. TODAY 

367
00:11:41,133 --> 00:11:42,568
WE ARE BRINGING TO YOU SOME 

368
00:11:42,568 --> 00:11:45,171
PROPOSED LEGISLATION FOR 

369
00:11:45,171 --> 00:11:48,374
INFORMATION TECHNOLOGY, TALENT 

370
00:11:48,374 --> 00:11:49,075
MODERNIZATION. I JUST WANT TO 

371
00:11:49,075 --> 00:11:52,812
BRIEFLY GO OVER THE AGENDA, AND 

372
00:11:52,812 --> 00:11:54,080
THEN MY COLLEAGUES AND I WILL 

373
00:11:54,080 --> 00:11:54,914
TALK ABOUT THE INFORMATION THAT 

374
00:11:54,914 --> 00:11:56,315
WE HAVE FOR YOU TODAY. SO WE'RE

375
00:11:56,315 --> 00:11:57,716
GOING TO GIVE YOU A LITTLE 

376
00:11:57,716 --> 00:12:00,720
OVERVIEW OF THE HISTORY OF THIS 

377
00:12:00,720 --> 00:12:02,054
INITIATIVE. THE PURPOSE OF THE 

378
00:12:02,054 --> 00:12:03,522
PROPOSED LEGISLATION. THEN WE'RE

379
00:12:03,522 --> 00:12:06,826
GOING TO SPEAK TO THE CURRENT 

380
00:12:06,826 --> 00:12:08,894
STATE, WHY WE'RE EXCITED TO 

381
00:12:08,894 --> 00:12:11,897
BRING THIS LEGISLATION TO YOU. 

382
00:12:11,897 --> 00:12:12,531
THE CURRENT FINANCIAL IMPACTS, 

383
00:12:12,531 --> 00:12:15,501
AND THEN SPEAK TO THE NEXT STEPS

384
00:12:15,501 --> 00:12:20,439
THROUGHOUT THIS PROCESS THANK 

385
00:12:20,439 --> 00:12:20,639
YOU. 

386
00:12:20,639 --> 00:12:23,209
-- SO BEFORE WE DISCUSS THE 

387
00:12:23,209 --> 00:12:24,577
LEGISLATION ITSELF, I'D LIKE TO

388
00:12:24,577 --> 00:12:28,280
PROVIDE JUST A BRIEF AMOUNT OF 

389
00:12:28,280 --> 00:12:28,881
CONTEXT ABOUT HOW WE ARRIVED 

390
00:12:28,881 --> 00:12:33,252
HERE TODAY. SO THE CITY'S IT 

391
00:12:33,252 --> 00:12:35,621
CLASSIFICATION STRUCTURE HAS 

392
00:12:35,621 --> 00:12:36,255
REMAINED LARGELY UNCHANGED FOR 

393
00:12:36,255 --> 00:12:38,324
NEARLY 30 YEARS. WHILE THE 

394
00:12:38,324 --> 00:12:41,994
NATURE OF TECHNOLOGY WORK HAS 

395
00:12:41,994 --> 00:12:44,930
EVOLVED DRAMATICALLY AS 

396
00:12:44,930 --> 00:12:45,464
SEATTLEITE MODERNIZED ITS 

397
00:12:45,464 --> 00:12:48,367
OPERATIONS OVER THE YEARS, AND 

398
00:12:48,367 --> 00:12:51,470
ITS SERVICES, IT BECAME 

399
00:12:51,470 --> 00:12:52,037
INCREASINGLY CLEAR THAT THE 

400
00:12:52,037 --> 00:12:54,907
CLASSIFICATION SPECIFICATIONS 

401
00:12:54,907 --> 00:12:56,442
ASSOCIATED WITH THAT WORK NEEDED

402
00:12:56,442 --> 00:12:58,778
TO EVOLVE AS WELL. SO OVER THE 

403
00:12:58,778 --> 00:13:00,980
PAST SEVERAL YEARS, OUR PARTNERS

404
00:13:00,980 --> 00:13:05,151
HERE AT SEATTLE, I T HAVE 

405
00:13:05,151 --> 00:13:05,718
UNDERTAKEN A COMPREHENSIVE 

406
00:13:05,718 --> 00:13:08,654
TALENT MODERNIZATION EFFORT IN 

407
00:13:08,654 --> 00:13:12,224
PARTNERSHIP WITH S D HR TO 

408
00:13:12,224 --> 00:13:12,758
DEVELOP A CLASSIFICATION 

409
00:13:12,758 --> 00:13:15,561
FRAMEWORK THAT BETTER REFLECTS 

410
00:13:15,561 --> 00:13:17,329
TODAY'S. IT PROFESSIONALS AND 

411
00:13:17,329 --> 00:13:20,533
THE WORK THEY PERFORM. THE 

412
00:13:20,533 --> 00:13:21,734
PROPOSED FRAMEWORK IS THE RESULT

413
00:13:21,734 --> 00:13:25,304
OF MARKET INFORMED RESEARCH AND 

414
00:13:25,304 --> 00:13:28,607
ESTABLISHED INDUSTRY BEST 

415
00:13:28,607 --> 00:13:29,141
PRACTICES, AND TODAY'S 

416
00:13:29,141 --> 00:13:30,609
LEGISLATION IS AN IMPORTANT 

417
00:13:30,609 --> 00:13:31,410
MILESTONE IN THAT EFFORT. AND WE

418
00:13:31,410 --> 00:13:34,914
ARE REALLY EXCITED. IT 

419
00:13:34,914 --> 00:13:37,116
ESTABLISHES THE FRAMEWORK THAT 

420
00:13:37,116 --> 00:13:39,185
ALLOWS THE CITY TO MOVE INTO THE

421
00:13:39,185 --> 00:13:42,721
NEXT PHASE OF THIS PROJECT, 

422
00:13:42,721 --> 00:13:43,255
WHICH OUR LABOR RELATIONS 

423
00:13:43,255 --> 00:13:44,223
DIRECTOR WILL NOW WALK YOU 

424
00:13:44,223 --> 00:13:46,325
THROUGH ALL RIGHT. 

425
00:13:46,325 --> 00:13:48,928
-- THANK YOU, DR. LEVY. SO THE 

426
00:13:48,928 --> 00:13:50,362
PURPOSE OF THE ORDINANCE THAT'S

427
00:13:50,362 --> 00:13:51,664
BEING PRESENTED TODAY, IF 

428
00:13:51,664 --> 00:13:55,334
PASSED, WOULD ALLOW THE CITY TO 

429
00:13:55,334 --> 00:13:57,770
BARGAIN CHANGES TO THE CITY'S 

430
00:13:57,770 --> 00:14:00,306
I.T CLASSIFICATION AND 

431
00:14:00,306 --> 00:14:02,541
COMPENSATION PROGRAM. CURRENTLY,

432
00:14:02,541 --> 00:14:05,411
THERE ARE ONLY THREE I TEP OR I 

433
00:14:05,411 --> 00:14:06,045
PROFESSIONAL CLASSIFICATIONS A, 

434
00:14:06,045 --> 00:14:10,182
B AND C, AND WE WOULD LIKE TO 

435
00:14:10,182 --> 00:14:10,816
EXPAND THOSE CLASSIFICATIONS TO 

436
00:14:10,816 --> 00:14:12,117
A LITTLE OVER 40 TO ALIGN WITH 

437
00:14:12,117 --> 00:14:14,486
THE ACTUAL BODY OF WORK BEING 

438
00:14:14,486 --> 00:14:15,955
DONE BY THE EMPLOYEES. AND 

439
00:14:15,955 --> 00:14:18,290
AGAIN, THE CORRESPONDING 

440
00:14:18,290 --> 00:14:19,592
COMPENSATION PROGRAM. SO AGAIN, 

441
00:14:19,592 --> 00:14:21,427
IF THIS LEGISLATION IS PASSED, 

442
00:14:21,427 --> 00:14:23,095
IT WOULD ALLOW LABOR RELATIONS 

443
00:14:23,095 --> 00:14:25,698
TO ENGAGE IN BARGAINING WITH 

444
00:14:25,698 --> 00:14:28,734
LOCAL 77. WHO REPRESENTS A 

445
00:14:28,734 --> 00:14:32,004
LITTLE OVER 560 IT 

446
00:14:32,004 --> 00:14:33,105
PROFESSIONALS. AND WHILE THERE 

447
00:14:33,105 --> 00:14:34,740
ARE OTHER IT PROFESSIONALS THAT 

448
00:14:34,740 --> 00:14:36,942
ARE REPRESENTED BY OTHER UNIONS,

449
00:14:36,942 --> 00:14:38,978
THE GOAL OF THIS LEGISLATION, IF

450
00:14:38,978 --> 00:14:40,479
PASSED, WOULD ALLOW US TO 

451
00:14:40,479 --> 00:14:45,084
BARGAIN WITH LOCAL 77. ONCE WE 

452
00:14:45,084 --> 00:14:46,652
CONCLUDE THOSE NEGOTIATIONS, IF 

453
00:14:46,652 --> 00:14:49,788
WE REACH AN AGREEMENT, THEN 

454
00:14:49,788 --> 00:14:52,057
THOSE TERMS WOULD SUBSEQUENTLY 

455
00:14:52,057 --> 00:14:52,625
GO THROUGH OUR LEGISLATION 

456
00:14:52,625 --> 00:14:54,994
PROCESS FOR APPROVAL AND THEN 

457
00:14:54,994 --> 00:14:56,395
IMPLEMENT IT. AND ONCE THAT'S 

458
00:14:56,395 --> 00:14:58,664
DONE, THEN WE WOULD ENGAGE WITH 

459
00:14:58,664 --> 00:15:00,399
THOSE OTHER UNIONS WHO HAVE IT 

460
00:15:00,399 --> 00:15:03,903
PROFESSIONALS THAT THEY 

461
00:15:03,903 --> 00:15:05,204
REPRESENT. 

462
00:15:05,204 --> 00:15:07,439
-- THANK YOU WILLIAM. SO 

463
00:15:07,439 --> 00:15:08,674
PURPOSES OF WHY THIS PROJECT IS 

464
00:15:08,674 --> 00:15:10,509
SO IMPORTANT, THERE ARE MANY 

465
00:15:10,509 --> 00:15:13,345
OBJECTIVES, ONE OF WHICH IS THE 

466
00:15:13,345 --> 00:15:14,546
CONSISTENCY IN PAY PRACTICES. WE

467
00:15:14,546 --> 00:15:16,015
WANT TO MAKE SURE THAT OUR IT 

468
00:15:16,015 --> 00:15:16,849
PROFESSIONALS HAVE AN ALIGNMENT 

469
00:15:16,849 --> 00:15:18,350
IN TERMS OF THEIR PAY. THAT IS 

470
00:15:18,350 --> 00:15:21,086
ALSO IN COMPARABLE TO INDUSTRY 

471
00:15:21,086 --> 00:15:21,754
STANDARD. AND WHEN I WHEN I 

472
00:15:21,754 --> 00:15:22,988
SPEAK ABOUT INDUSTRY STANDARD, 

473
00:15:22,988 --> 00:15:25,424
I'M NOT NECESSARILY TALKING 

474
00:15:25,424 --> 00:15:26,325
ABOUT THE MICROSOFTS OF THE 

475
00:15:26,325 --> 00:15:27,993
WORLD. I'M TALKING MORE SO 

476
00:15:27,993 --> 00:15:28,560
GOVERNMENT AGENCIES IN THIS 

477
00:15:28,560 --> 00:15:30,629
AREA, IN THE REGION, RETENTION 

478
00:15:30,629 --> 00:15:32,398
AND SATISFACTION. WE WANT TO 

479
00:15:32,398 --> 00:15:36,135
MAKE SURE THAT THIS PROJECT ALSO

480
00:15:36,135 --> 00:15:38,037
HELPS IN THE RETENTION OF OUR 

481
00:15:38,037 --> 00:15:39,805
TALENTED I.T. STAFF, BUT ALSO 

482
00:15:39,805 --> 00:15:42,808
BEING ABLE TO ATTRACT TALENTED 

483
00:15:42,808 --> 00:15:43,642
STAFF AS WELL. SO WE WANT TO 

484
00:15:43,642 --> 00:15:48,380
MAKE SURE THAT OUR STRUCTURE IS 

485
00:15:48,380 --> 00:15:49,014
TRANSPARENT AND PROVIDES FOR THE

486
00:15:49,014 --> 00:15:50,582
OPPORTUNITY FOR A HUGE MORALE 

487
00:15:50,582 --> 00:15:52,951
BOOST. THE ADMINISTRATION OF THE

488
00:15:52,951 --> 00:15:56,288
ACTUAL PROGRAM, IT'S ALLOWS US 

489
00:15:56,288 --> 00:15:59,291
THE ABILITY TO HAVE CLEAR AND 

490
00:15:59,291 --> 00:15:59,925
ENGAGING CONVERSATIONS WITH OUR 

491
00:15:59,925 --> 00:16:02,194
EMPLOYEES, OUR MANAGERS, AND OUR

492
00:16:02,194 --> 00:16:03,696
UNION PARTNERS. THAT IS REALLY 

493
00:16:03,696 --> 00:16:05,431
IMPORTANT FOR US SO THAT WE CAN 

494
00:16:05,431 --> 00:16:07,433
MOVE FORWARD IN OUR 

495
00:16:07,433 --> 00:16:09,101
ORGANIZATIONAL CULTURE, BUT ALSO

496
00:16:09,101 --> 00:16:10,602
FOR THE ITP SERIES AS A WHOLE, 

497
00:16:10,602 --> 00:16:15,274
IT HELPS REDUCE BIAS. IT'S CLEAR

498
00:16:15,274 --> 00:16:17,176
OBJECTIVES AS TO WHERE EVERYONE 

499
00:16:17,176 --> 00:16:17,810
SITS. IT ALLOWS INDIVIDUALS TO 

500
00:16:17,810 --> 00:16:19,812
SEE THEIR CAREER PATH AS THEY 

501
00:16:19,812 --> 00:16:20,713
MOVE FORWARD. AND, YOU KNOW, 

502
00:16:20,713 --> 00:16:21,680
THERE'S OPPORTUNITY FOR 

503
00:16:21,680 --> 00:16:22,748
INDIVIDUALS TO SAY, HEY, I LOVE 

504
00:16:22,748 --> 00:16:24,016
WHAT I'M DOING NOW, BUT I WANT 

505
00:16:24,016 --> 00:16:27,319
TO BE IN THIS JOB TWO YEARS FROM

506
00:16:27,319 --> 00:16:28,687
NOW. IT PROVIDES CLARITY AND 

507
00:16:28,687 --> 00:16:30,122
CLEAR PATH FOR INDIVIDUALS TO BE

508
00:16:30,122 --> 00:16:32,825
ABLE TO DO THAT. AND THEN 

509
00:16:32,825 --> 00:16:34,893
LASTLY, THE BUDGET CONSISTENCY, 

510
00:16:34,893 --> 00:16:36,028
AS WE KNOW, AS WE TACKLE THE 

511
00:16:36,028 --> 00:16:36,628
BUDGET THROUGHOUT THE YEARS, 

512
00:16:36,628 --> 00:16:38,030
IT'S VERY IMPORTANT TO 

513
00:16:38,030 --> 00:16:39,465
UNDERSTAND CLEARLY WHAT'S 

514
00:16:39,465 --> 00:16:43,035
HAPPENING FROM A BUDGET 

515
00:16:43,035 --> 00:16:43,535
PERSPECTIVE WITHIN THIS 

516
00:16:43,535 --> 00:16:44,603
CLASSIFICATION, WE WILL CLEARLY 

517
00:16:44,603 --> 00:16:45,871
BE ABLE TO COMMUNICATE WITH OUR 

518
00:16:45,871 --> 00:16:46,505
UNION PARTNERS, BUT ALSO BE ABLE

519
00:16:46,505 --> 00:16:47,506
TO MAKE DEPARTMENTAL, WIDE 

520
00:16:47,506 --> 00:16:48,874
DECISIONS BASED OFF OF THE 

521
00:16:48,874 --> 00:16:50,442
INFORMATION THAT WE HAVE, WHICH 

522
00:16:50,442 --> 00:16:53,712
THIS PROJECT WILL ALLOW US TO 

523
00:16:53,712 --> 00:16:56,215
DO. 

524
00:16:56,215 --> 00:16:57,983
-- SO WHEN WE SPEAK ABOUT 

525
00:16:57,983 --> 00:17:00,352
BUDGET, WE ALSO WANT TO CALL OUT

526
00:17:00,352 --> 00:17:01,787
THE FINANCIAL IMPACTS. AT THIS 

527
00:17:01,787 --> 00:17:04,857
TIME. THE LEGISLATION THAT IS 

528
00:17:04,857 --> 00:17:06,825
PROPOSED HAVE NO FINANCIAL 

529
00:17:06,825 --> 00:17:08,927
IMPACTS. THERE WILL LIKELY BE 

530
00:17:08,927 --> 00:17:10,329
FINANCIAL IMPACTS WHEN EMPLOYEES

531
00:17:10,329 --> 00:17:11,697
ARE PLACED INTO THIS NEW 

532
00:17:11,697 --> 00:17:13,365
STRUCTURE, BUT ALL OF THIS 

533
00:17:13,365 --> 00:17:15,501
CANNOT BE DETERMINED AT THIS 

534
00:17:15,501 --> 00:17:17,169
TIME, AND IT WOULD BE SUBJECT TO

535
00:17:17,169 --> 00:17:19,571
BARGAINING. ANY POTENTIAL 

536
00:17:19,571 --> 00:17:22,975
DOWNSTREAM FINANCIAL IMPACTS 

537
00:17:22,975 --> 00:17:23,575
WOULD BE PRESENTED TO COUNCIL 

538
00:17:23,575 --> 00:17:25,511
FOR WITH FUTURE LEGISLATION AS 

539
00:17:25,511 --> 00:17:27,946
PART OF THE COLLECTIVE 

540
00:17:27,946 --> 00:17:33,685
BARGAINING AGREEMENT WITH 77. SO

541
00:17:33,685 --> 00:17:34,887
IN TERMS OF NEXT STEPS, WE ASK 

542
00:17:34,887 --> 00:17:36,789
THAT THE COUNCIL APPROVE THIS 

543
00:17:36,789 --> 00:17:40,692
LEGISLATION. AFTER THAT, WE WILL

544
00:17:40,692 --> 00:17:42,795
PREPARE FOR BARGAINING ONCE 

545
00:17:42,795 --> 00:17:45,197
THOSE NEGOTIATIONS ARE COMPLETE,

546
00:17:45,197 --> 00:17:46,765
WE WOULD RETURN WITH FUTURE 

547
00:17:46,765 --> 00:17:49,134
LEGISLATION, AND THEN WE WOULD 

548
00:17:49,134 --> 00:17:49,668
IMPLEMENT THE BARGAINING 

549
00:17:49,668 --> 00:17:53,238
STRUCTURE AFTER THAT. SO WE 

550
00:17:53,238 --> 00:17:56,041
APPRECIATE YOUR TIME. WE NOW 

551
00:17:56,041 --> 00:17:57,209
PAUSE TO SEE IF YOU HAVE ANY 

552
00:17:57,209 --> 00:17:59,645
QUESTIONS FOR US. 

553
00:17:59,645 --> 00:18:01,180
-- THANK YOU SO MUCH FOR THIS 

554
00:18:01,180 --> 00:18:02,347
OVERVIEW AND FOR YOUR WORK ON 

555
00:18:02,347 --> 00:18:05,717
THIS. COLLEAGUES, OPENING IT UP 

556
00:18:05,717 --> 00:18:06,552
TO YOU FIRST FOR ANY QUESTIONS 

557
00:18:06,552 --> 00:18:08,454
YOU HAVE FOR OUR PANEL ON THIS 

558
00:18:08,454 --> 00:18:16,061
PRESENTATION 

559
00:18:16,195 --> 00:18:18,130
NOT SEEING ANY QUESTIONS RIGHT 

560
00:18:18,130 --> 00:18:21,333
NOW? WELL, I'LL AT LEAST ASK 

561
00:18:21,333 --> 00:18:23,635
ONE FOR TODAY. JUST A MATTER OF 

562
00:18:23,635 --> 00:18:25,671
UNDERSTANDING THAT THIS 

563
00:18:25,671 --> 00:18:26,238
CLASSIFICATION CHANGE WILL 

564
00:18:26,238 --> 00:18:28,140
AFFECT NEARLY 600. IF I HEARD 

565
00:18:28,140 --> 00:18:29,341
CORRECTLY. OR WAS IT FIVE, A MIX

566
00:18:29,341 --> 00:18:32,478
OF BETWEEN 500 600 IT 

567
00:18:32,478 --> 00:18:34,079
PROFESSIONALS ACROSS CITY OF 

568
00:18:34,079 --> 00:18:36,548
SEATTLE CAN SEE. AND IT JUST 

569
00:18:36,548 --> 00:18:39,051
EXPLAIN. JUST BREAK DOWN THE 

570
00:18:39,051 --> 00:18:41,920
CURRENT AND PROPOSED 

571
00:18:41,920 --> 00:18:43,589
CLASSIFICATION STRUCTURE AND 

572
00:18:43,589 --> 00:18:44,123
JUST HIGHLIGHT THOSE KEY 

573
00:18:44,123 --> 00:18:48,760
DIFFERENCES 

574
00:18:48,760 --> 00:18:49,027
-- SURE. 

575
00:18:49,027 --> 00:18:50,362
-- SO THANK YOU FOR THE 

576
00:18:50,362 --> 00:18:53,332
QUESTION. COUNCILMEMBER RINCK. 

577
00:18:53,332 --> 00:18:54,366
SO CURRENTLY THERE ARE THREE 

578
00:18:54,366 --> 00:18:56,935
CLASSIFICATIONS IN THE IT 

579
00:18:56,935 --> 00:18:57,536
PROFESSIONAL CLASSIFICATIONS. 

580
00:18:57,536 --> 00:19:00,038
THEY ARE THE A, B AND C WITH THE

581
00:19:00,038 --> 00:19:02,007
A BEING THE HIGHEST IN THE 

582
00:19:02,007 --> 00:19:03,842
SERIES WHAT WE'RE PROPOSING 

583
00:19:03,842 --> 00:19:07,145
WITHIN THIS LEGISLATION IS TO BE

584
00:19:07,145 --> 00:19:09,448
ABLE TO BARGAIN EXPANDING THOSE 

585
00:19:09,448 --> 00:19:12,117
CLASSIFICATIONS TO OVER 40 THAT 

586
00:19:12,117 --> 00:19:13,719
IDENTIFY THE ACTUAL BODIES OF 

587
00:19:13,719 --> 00:19:15,420
WORK THAT ARE BEING DONE BY 

588
00:19:15,420 --> 00:19:17,990
THOSE EMPLOYEES IN THOSE 

589
00:19:17,990 --> 00:19:18,624
CLASSIFICATIONS, AND INCLUDING 

590
00:19:18,624 --> 00:19:20,125
THE TYPES OF DOMAINS OF THE WORK

591
00:19:20,125 --> 00:19:23,228
THAT THEY ACTUALLY DO. SO 

592
00:19:23,228 --> 00:19:23,896
THAT'S WHY WE'RE PROPOSING 

593
00:19:23,896 --> 00:19:26,532
EXPANDING THAT. AND AGAIN, IT 

594
00:19:26,532 --> 00:19:28,166
RECOGNIZES THE ACTUAL WORK THAT 

595
00:19:28,166 --> 00:19:30,135
THE INDIVIDUALS ARE DOING AS 

596
00:19:30,135 --> 00:19:32,171
WELL. IT ALSO HELPS WITH 

597
00:19:32,171 --> 00:19:34,039
RECRUITMENT AND RETENTION 

598
00:19:34,039 --> 00:19:35,374
BECAUSE WHEN YOU'RE IDENTIFYING

599
00:19:35,374 --> 00:19:37,809
SOME WORK, SOMEONE WHO DOES, 

600
00:19:37,809 --> 00:19:40,345
LET'S SAY WEBSITE RELATED WORK 

601
00:19:40,345 --> 00:19:42,781
TO ACTUAL ENGINEERING TYPE WORK 

602
00:19:42,781 --> 00:19:43,448
IS DIFFERENT. SO WE WANT TO MAKE

603
00:19:43,448 --> 00:19:45,717
SURE THAT WE'RE IDENTIFYING 

604
00:19:45,717 --> 00:19:46,418
THAT, YOU KNOW, WITH THE 

605
00:19:46,418 --> 00:19:48,620
EMPLOYEES AND RESPECTING THOSE 

606
00:19:48,620 --> 00:19:51,156
ROLES AND THEIR EXPERIENCES IN 

607
00:19:51,156 --> 00:19:52,658
THOSE DIFFERENT CLASSIFICATIONS.

608
00:19:52,658 --> 00:19:55,227
-- AND SO WE DO HAVE ROUGHLY 550

609
00:19:55,227 --> 00:19:57,296
EMPLOYEES WHO HAVE THIS 

610
00:19:57,296 --> 00:19:59,398
CLASSIFICATION. THE MAJORITY OF 

611
00:19:59,398 --> 00:20:01,667
THEM ARE IN SEATTLE. I T THERE 

612
00:20:01,667 --> 00:20:05,103
ARE A FEW IN SOME ADDITIONAL 

613
00:20:05,103 --> 00:20:07,472
DEPARTMENTS, BUT WE CONTINUE TO 

614
00:20:07,472 --> 00:20:07,973
COMMUNICATE WITH THOSE 

615
00:20:07,973 --> 00:20:08,941
DEPARTMENTS AND WILL WORK WITH 

616
00:20:08,941 --> 00:20:10,342
THEM OVER TIME. BUT OUR FOCUS 

617
00:20:10,342 --> 00:20:13,111
TODAY IS REALLY ON SEATTLEITE. 

618
00:20:13,111 --> 00:20:17,382
MY DEPARTMENT. 

619
00:20:17,382 --> 00:20:19,351
-- COLLEAGUES, IF THERE'S NO 

620
00:20:19,351 --> 00:20:20,185
ADDITIONAL QUESTIONS RIGHT NOW, 

621
00:20:20,185 --> 00:20:22,054
I DO INTEND TO PUT THIS TO A 

622
00:20:22,054 --> 00:20:23,655
VOTE TO ADVANCE OUT OF COMMITTEE

623
00:20:23,655 --> 00:20:25,490
TODAY. SO FINAL CALL, UNLESS 

624
00:20:25,490 --> 00:20:28,160
THERE'S ANY COMMENTS OR 

625
00:20:28,160 --> 00:20:29,962
QUESTIONS. HEARING AND SEEING 

626
00:20:29,962 --> 00:20:31,563
NONE, I MOVE THAT THE COMMITTEE 

627
00:20:31,563 --> 00:20:33,632
RECOMMEND PASSAGE OF COUNCIL 

628
00:20:33,632 --> 00:20:35,934
BILL ONE, 21225. IS THERE A 

629
00:20:35,934 --> 00:20:38,904
SECOND? SECOND AND IS MOVED AND 

630
00:20:38,904 --> 00:20:39,805
SECONDED TO RECOMMEND PASSAGE OF

631
00:20:39,805 --> 00:20:43,008
THE BILL? ANY FINAL COMMENTS ALL

632
00:20:43,008 --> 00:20:44,610
RIGHT. WILL THE CLERK PLEASE 

633
00:20:44,610 --> 00:20:46,244
CALL THE ROLL ON THE COMMITTEE 

634
00:20:46,244 --> 00:20:48,213
RECOMMENDATION TO PASS THE BILL?

635
00:20:48,213 --> 00:20:51,416
-- COUNCILMEMBER JUAREZ 

636
00:20:51,416 --> 00:20:56,154
-- AYE. 

637
00:20:56,154 --> 00:21:00,058
-- COUNCILMEMBER SAKA. AYE. 

638
00:21:00,058 --> 00:21:00,492
-- CHAIR RINCK YES. 

639
00:21:00,492 --> 00:21:03,228
-- THERE ARE THREE IN FAVOR, 

640
00:21:03,228 --> 00:21:03,562
ZERO OPPOSED. 

641
00:21:03,562 --> 00:21:04,429
-- THANK YOU. THE MOTION CARRIES

642
00:21:04,429 --> 00:21:05,897
AND THE COMMITTEE RECOMMENDATION

643
00:21:05,897 --> 00:21:07,566
TO PASS THE BILL WILL BE SENT TO

644
00:21:07,566 --> 00:21:08,567
THE JULY 28th FULL CITY COUNCIL 

645
00:21:08,567 --> 00:21:09,768
MEETING. THANK YOU ALL FOR BEING

646
00:21:09,768 --> 00:21:10,736
HERE IN COMMITTEE THIS MORNING 

647
00:21:10,736 --> 00:21:11,470
AND FOR YOUR WORK ON THIS. 

648
00:21:11,470 --> 00:21:12,871
EXCITED TO SEE HOW THE WORK 

649
00:21:12,871 --> 00:21:13,705
MOVES FORWARD. 

650
00:21:13,705 --> 00:21:16,275
-- THANK YOU. THANK YOU VERY 

651
00:21:16,275 --> 00:21:16,475
MUCH. 

652
00:21:16,475 --> 00:21:17,109
-- THANK YOU COLLEAGUES. WE WILL

653
00:21:17,109 --> 00:21:18,210
NOW MOVE ON TO OUR SECOND ITEM 

654
00:21:18,210 --> 00:21:19,311
OF BUSINESS. WILL THE CLERK 

655
00:21:19,311 --> 00:21:20,779
PLEASE READ ITEM TWO INTO THE 

656
00:21:20,779 --> 00:21:23,448
RECORD? 

657
00:21:23,448 --> 00:21:23,949
-- ITEM TWO BRIEFING ON 

658
00:21:23,949 --> 00:21:25,651
COMMERCIAL AFFORDABILITY FOR 

659
00:21:25,651 --> 00:21:27,853
SMALL BUSINESS BRIEFING AND 

660
00:21:27,853 --> 00:21:28,153
DISCUSSION. 

661
00:21:28,153 --> 00:21:30,222
-- THANK YOU SO MUCH. AT THIS 

662
00:21:30,222 --> 00:21:33,825
POINT, I WILL BE INVITING UP OUR

663
00:21:33,825 --> 00:21:35,494
COLLEAGUES FROM THE OFFICE OF 

664
00:21:35,494 --> 00:21:36,128
ECONOMIC DEVELOPMENT TO COME UP 

665
00:21:36,128 --> 00:21:46,371
TO THE TABLE. 

666
00:21:47,172 --> 00:21:57,649
GOOD MORNING. THANK YOU SO MUCH 

667
00:22:07,459 --> 00:22:09,061
FOR BEING HERE TODAY. AND WHEN 

668
00:22:09,061 --> 00:22:09,761
YOU GET SETTLED IN, TAKE A 

669
00:22:09,761 --> 00:22:11,296
MOMENT TO INTRODUCE YOURSELF FOR

670
00:22:11,296 --> 00:22:17,903
THE RECORD. THANK YOU. 

671
00:22:17,903 --> 00:22:19,771
-- ALICIA. DEPUTY DIRECTOR, 

672
00:22:19,771 --> 00:22:20,338
SEATTLE OFFICE OF ECONOMIC 

673
00:22:20,338 --> 00:22:26,144
DEVELOPMENT. 

674
00:22:26,144 --> 00:22:30,382
-- HEIDI HALL WITH THE OFFICE OF

675
00:22:30,382 --> 00:22:35,487
ECONOMIC DEVELOPMENT. 

676
00:22:35,487 --> 00:22:38,290
-- I'M JEN CERRONE AT OED AS 

677
00:22:38,290 --> 00:22:38,490
WELL. 

678
00:22:38,490 --> 00:22:40,058
-- PLEASE PROCEED WITH THE 

679
00:22:40,058 --> 00:22:40,692
PRESENTATION. 

680
00:22:40,692 --> 00:22:43,228
-- OKAY, GREAT. SO WE'RE HERE TO

681
00:22:43,228 --> 00:22:46,098
GIVE SOME QUICK FRAMING BRIEFING

682
00:22:46,098 --> 00:22:47,466
AROUND OUR OFFICE OF ECONOMIC 

683
00:22:47,466 --> 00:22:50,168
DEVELOPMENT OR OED WORK ON 

684
00:22:50,168 --> 00:22:52,404
COMMERCIAL AFFORDABILITY. AND 

685
00:22:52,404 --> 00:22:53,505
BEFORE HEIDI AND JEN TAKE IT 

686
00:22:53,505 --> 00:22:55,741
AWAY, I'LL JUST DO SOME QUICK 

687
00:22:55,741 --> 00:22:59,010
LEVEL SETTING ON OED ROLE 

688
00:22:59,010 --> 00:23:01,680
OVERALL AS AN OFFICE. AND SO OUR

689
00:23:01,680 --> 00:23:02,214
OVERALL FOCUS IS LEADING 

690
00:23:02,214 --> 00:23:03,949
PROJECTS AND MAKING INVESTMENTS 

691
00:23:03,949 --> 00:23:06,151
THAT OPEN UP ACCESS TO ECONOMIC 

692
00:23:06,151 --> 00:23:07,786
OPPORTUNITIES, REDUCE THE RACIAL

693
00:23:07,786 --> 00:23:08,587
WEALTH GAP, AND ENCOURAGE 

694
00:23:08,587 --> 00:23:10,322
INNOVATION AND GROWTH. AND ALL 

695
00:23:10,322 --> 00:23:11,456
OF THIS IS GUIDED BY THE 

696
00:23:11,456 --> 00:23:13,458
COMMUNITY DRIVEN FUTURE OF 

697
00:23:13,458 --> 00:23:15,761
SEATTLE ECONOMY FRAMEWORK, WHICH

698
00:23:15,761 --> 00:23:18,964
WAS ADOPTED AS CITY POLICY IN 

699
00:23:18,964 --> 00:23:20,665
RESOLUTION 32099. SO THE FUTURE 

700
00:23:20,665 --> 00:23:22,501
OF SEATTLE ECONOMY FRAMEWORK 

701
00:23:22,501 --> 00:23:23,869
SETS OUT FIVE PILLARS FOR 

702
00:23:23,869 --> 00:23:27,205
INCLUSIVE ECONOMIC GROWTH. THOSE

703
00:23:27,205 --> 00:23:28,507
INCLUDE INVESTING IN TALENT AND 

704
00:23:28,507 --> 00:23:30,475
BUILDING OUR WORKFORCE, 

705
00:23:30,475 --> 00:23:32,477
SUPPORTING SMALL BUSINESSES AND 

706
00:23:32,477 --> 00:23:35,113
WOMEN AND MINORITY OWNED 

707
00:23:35,113 --> 00:23:35,714
BUSINESS ENTERPRISES, GROWING 

708
00:23:35,714 --> 00:23:38,049
BUSINESSES AND KEY INDUSTRIES, 

709
00:23:38,049 --> 00:23:39,518
BUILDING COMMUNITY WEALTH AND 

710
00:23:39,518 --> 00:23:41,520
COMMUNITIES OF COLOR, AND 

711
00:23:41,520 --> 00:23:42,888
INVESTING IN NEIGHBORHOOD 

712
00:23:42,888 --> 00:23:45,290
BUSINESS DISTRICTS. AND SO 

713
00:23:45,290 --> 00:23:45,924
COMMERCIAL AFFORDABILITY CROSSES

714
00:23:45,924 --> 00:23:49,194
A FEW OF THESE PILLARS. AND IN 

715
00:23:49,194 --> 00:23:50,562
OUR IN OUR WORK, WE ALSO SEEK TO

716
00:23:50,562 --> 00:23:51,897
STRIKE A BALANCE BETWEEN 

717
00:23:51,897 --> 00:23:53,698
SUPPORTING OUR LOCAL ECONOMY AND

718
00:23:53,698 --> 00:23:56,601
COMPETING IN THE GLOBAL ECONOMY.

719
00:23:56,601 --> 00:23:57,536
SINCE OUR ECONOMY IS AN 

720
00:23:57,536 --> 00:23:59,171
ECOSYSTEM AND WE REALLY NEED 

721
00:23:59,171 --> 00:24:01,640
BOTH, THEY ARE MUTUALLY 

722
00:24:01,640 --> 00:24:02,274
REINFORCING AND OUR COMMERCIAL 

723
00:24:02,274 --> 00:24:03,108
AFFORDABILITY WORK. I'LL JUST 

724
00:24:03,108 --> 00:24:05,544
GIVE THE CAVEAT, SINCE IT'S A 

725
00:24:05,544 --> 00:24:07,712
TERM THAT CAN BE BROAD, IT 

726
00:24:07,712 --> 00:24:09,714
REALLY FOCUSES ON SMALL 

727
00:24:09,714 --> 00:24:11,416
BUSINESSES OR BRICK AND MORTAR 

728
00:24:11,416 --> 00:24:13,018
BUSINESSES IN NEIGHBORHOODS. WE 

729
00:24:13,018 --> 00:24:17,289
ALSO KNOW THAT THERE ARE MANY 

730
00:24:17,289 --> 00:24:17,856
MACROECONOMIC FACTORS THAT 

731
00:24:17,856 --> 00:24:20,559
AFFECT AFFORDABILITY FOR 

732
00:24:20,559 --> 00:24:22,227
BUSINESSES. AND AS WE'VE DONE 

733
00:24:22,227 --> 00:24:24,863
OUR WORK, WE HAVE TRIED TO ALSO 

734
00:24:24,863 --> 00:24:27,399
UNDERSTAND WHERE DOES THE CITY 

735
00:24:27,399 --> 00:24:28,667
HAVE LEVERS AND INFLUENCE, EVEN 

736
00:24:28,667 --> 00:24:30,435
ON THINGS, FOR EXAMPLE, LIKE 

737
00:24:30,435 --> 00:24:32,637
LIKE CAPITAL ACCESS. THE OTHER 

738
00:24:32,637 --> 00:24:34,606
THING I'LL NOTE JUST ABOUT HOW 

739
00:24:34,606 --> 00:24:35,874
OED DOES OUR WORK IN GENERAL IS 

740
00:24:35,874 --> 00:24:38,043
WE TRY TO KEEP IN MIND THREE 

741
00:24:38,043 --> 00:24:40,412
DISTINCT ROLES THAT WE HAVE. AND

742
00:24:40,412 --> 00:24:41,346
OF COURSE, THEY OVERLAP IN SOME 

743
00:24:41,346 --> 00:24:44,983
WAYS TOO. WE ARE A RESPONDER AND

744
00:24:44,983 --> 00:24:47,986
IMPLEMENTER. WE PROVIDE DIRECT 

745
00:24:47,986 --> 00:24:48,620
SERVICE TO BUSINESSES AND PART 

746
00:24:48,620 --> 00:24:51,156
OF OUR GOALS IS TO BE HIGHLY 

747
00:24:51,156 --> 00:24:52,190
RESPONSIVE TO BUSINESSES THAT 

748
00:24:52,190 --> 00:24:54,459
ALSO NEED HELP. JUST NAVIGATING 

749
00:24:54,459 --> 00:24:55,160
CITY RESOURCES AND REQUIREMENTS.

750
00:24:55,160 --> 00:24:58,630
WE ALSO HAVE EMBRACED THE ROLE 

751
00:24:58,630 --> 00:24:59,898
OF ORGANIZE AND BUILD. AND HOW 

752
00:24:59,898 --> 00:25:01,032
DO WE KNIT TOGETHER SOME OF THE 

753
00:25:01,032 --> 00:25:03,969
SYSTEMS. AND SO WHAT LESSONS ARE

754
00:25:03,969 --> 00:25:05,503
WE LEARNING FROM DIRECT SERVICE?

755
00:25:05,503 --> 00:25:06,838
WHAT TRENDS ARE WE SEEING, AND 

756
00:25:06,838 --> 00:25:07,806
HOW ARE WE LOOKING AROUND THE 

757
00:25:07,806 --> 00:25:10,542
CORNER TO REALLY UNDERSTAND WHAT

758
00:25:10,542 --> 00:25:12,310
BUSINESSES OF ALL SIZES NEED IN 

759
00:25:12,310 --> 00:25:13,578
THE ECONOMY? AND LAST BUT NOT 

760
00:25:13,578 --> 00:25:15,780
LEAST, IS THAT ENVISION AND 

761
00:25:15,780 --> 00:25:17,249
TRANSFORM ELEMENT OF ZOOMING OUT

762
00:25:17,249 --> 00:25:18,817
AND TAKING THAT LARGER LOOK AT 

763
00:25:18,817 --> 00:25:22,787
OUR ECONOMY. SO THAT IS HOW OED 

764
00:25:22,787 --> 00:25:23,421
APPROACHES OUR WORK IN GENERAL. 

765
00:25:23,421 --> 00:25:26,791
AND I'M REALLY EXCITED FOR THIS

766
00:25:26,791 --> 00:25:28,660
OPPORTUNITY TO HIGHLIGHT HOW OUR

767
00:25:28,660 --> 00:25:29,261
COMMERCIAL AFFORDABILITY WORK 

768
00:25:29,261 --> 00:25:30,428
GOES. SO, HEIDI, I'LL PASS IT 

769
00:25:30,428 --> 00:25:31,730
ON TO YOU. GREAT. 

770
00:25:31,730 --> 00:25:32,864
-- THANK YOU. ALICIA. THANK YOU,

771
00:25:32,864 --> 00:25:34,466
COUNCILMEMBERS, FOR HAVING US 

772
00:25:34,466 --> 00:25:35,567
HERE TODAY TO TALK ABOUT THIS 

773
00:25:35,567 --> 00:25:38,837
REALLY IMPORTANT WORK. SO I'LL 

774
00:25:38,837 --> 00:25:40,205
BRIEFLY JUST BUILD ON WHAT 

775
00:25:40,205 --> 00:25:42,240
ALICIA WAS SAYING. AND ONE 

776
00:25:42,240 --> 00:25:43,708
PILLAR OF THIS WORK IS 

777
00:25:43,708 --> 00:25:45,744
INVESTMENTS, PARTNERSHIPS, AND 

778
00:25:45,744 --> 00:25:47,279
POLICIES TO BUILD COMMUNITY 

779
00:25:47,279 --> 00:25:47,779
WEALTH THROUGH BUSINESS 

780
00:25:47,779 --> 00:25:48,680
OWNERSHIP. AND WE PRIMARILY SEE 

781
00:25:48,680 --> 00:25:50,548
THIS THROUGH BUSINESS OWNERSHIP 

782
00:25:50,548 --> 00:25:52,450
AND LOCAL OWNERSHIP OF ASSETS, 

783
00:25:52,450 --> 00:25:54,019
COMMUNITY WEALTH BUILDING IS A 

784
00:25:54,019 --> 00:25:55,887
TRANSFORMATIVE APPROACH TO 

785
00:25:55,887 --> 00:25:57,756
ECONOMIC DEVELOPMENT THAT KEEPS 

786
00:25:57,756 --> 00:25:59,090
WEALTH IN OUR COMMUNITIES, WITH 

787
00:25:59,090 --> 00:26:00,659
AN EMPHASIS ON ECONOMIC JUSTICE,

788
00:26:00,659 --> 00:26:02,928
SHARED WEALTH, AND LOCAL 

789
00:26:02,928 --> 00:26:04,563
OWNERSHIP, AND THE CITY'S WORK 

790
00:26:04,563 --> 00:26:05,764
BUILDS ON MORE THAN A DECADE OF 

791
00:26:05,764 --> 00:26:08,099
NEIGHBORHOOD ORGANIZING AND 

792
00:26:08,099 --> 00:26:10,001
COMMUNITY PARTNERSHIPS, AND 

793
00:26:10,001 --> 00:26:11,703
WE'RE CONTINUING TO EVOLVE 

794
00:26:11,703 --> 00:26:12,337
STRATEGIES AND PARTNERSHIP WITH 

795
00:26:12,337 --> 00:26:14,005
COMMUNITY AND SMALL BUSINESSES, 

796
00:26:14,005 --> 00:26:15,106
SIMILAR TO WHAT ALICIA SAID 

797
00:26:15,106 --> 00:26:15,774
ABOUT LEARNING FROM THE WORK 

798
00:26:15,774 --> 00:26:17,242
THAT WE'RE DOING, AND REALLY 

799
00:26:17,242 --> 00:26:17,876
TRYING TO LOOK AHEAD AND SEE 

800
00:26:17,876 --> 00:26:20,078
WHERE WE CAN TRANSFORM SYSTEMS 

801
00:26:20,078 --> 00:26:22,380
AND OPPORTUNITIES FOR SMALL 

802
00:26:22,380 --> 00:26:24,082
BUSINESSES. SO WE DO THIS 

803
00:26:24,082 --> 00:26:26,418
THROUGH SEVERAL CORE STRATEGIES.

804
00:26:26,418 --> 00:26:28,119
FIRST, OWNERSHIP AND TENANCY OF 

805
00:26:28,119 --> 00:26:29,754
COMMERCIAL REAL ESTATE TO ANCHOR

806
00:26:29,754 --> 00:26:30,188
SMALL BUSINESSES IN 

807
00:26:30,188 --> 00:26:31,189
NEIGHBORHOODS OR PROVIDE 

808
00:26:31,189 --> 00:26:32,390
PATHWAYS TO RETURN. WE'LL BE 

809
00:26:32,390 --> 00:26:33,525
TALKING A LITTLE BIT MORE ABOUT 

810
00:26:33,525 --> 00:26:35,226
THAT THIS MORNING AND HEARING 

811
00:26:35,226 --> 00:26:37,095
FROM SOME OF OUR SMALL 

812
00:26:37,095 --> 00:26:38,330
BUSINESSES. SECOND, A BIG 

813
00:26:38,330 --> 00:26:40,298
STRATEGY IS AROUND ACCESS TO 

814
00:26:40,298 --> 00:26:40,932
AFFORDABLE CAPITAL AND LOCALLY 

815
00:26:40,932 --> 00:26:42,233
ROOTED FINANCING TO SUPPORT 

816
00:26:42,233 --> 00:26:44,002
BUSINESS GROWTH AND REDUCE 

817
00:26:44,002 --> 00:26:46,905
RACIAL DISPARITIES. WE'RE ALSO 

818
00:26:46,905 --> 00:26:48,406
BUILDING BUSINESS SUPPORT 

819
00:26:48,406 --> 00:26:48,974
ECOSYSTEMS AND PATHWAYS FOR 

820
00:26:48,974 --> 00:26:51,343
GROWTH, RECOGNIZING BUSINESS 

821
00:26:51,343 --> 00:26:52,644
OWNERSHIP CAN BE A PATH TO 

822
00:26:52,644 --> 00:26:53,278
GENERATIONAL WEALTH, ESPECIALLY 

823
00:26:53,278 --> 00:26:54,579
IN OUR BIPOC AND IMMIGRANT 

824
00:26:54,579 --> 00:26:56,548
COMMUNITIES. WE'RE ALSO 

825
00:26:56,548 --> 00:26:57,148
CONSIDERING OPPORTUNITIES TO 

826
00:26:57,148 --> 00:26:59,985
SEATAC INVESTMENTS IN 

827
00:26:59,985 --> 00:27:00,752
NEIGHBORHOODS TO ADVANCE 

828
00:27:00,752 --> 00:27:02,988
COMMUNITY WEALTH. AND FINALLY 

829
00:27:02,988 --> 00:27:03,588
PILOTING SCALABLE MODELS THAT 

830
00:27:03,588 --> 00:27:05,690
KEEP WEALTH AND COMMUNITY, FOR 

831
00:27:05,690 --> 00:27:06,791
EXAMPLE, EXPLORING NEW WORK THIS

832
00:27:06,791 --> 00:27:07,425
YEAR AROUND SUCCESSION PLANNING 

833
00:27:07,425 --> 00:27:10,161
AND EMPLOYEE OWNERSHIP AND SO 

834
00:27:10,161 --> 00:27:11,763
AROUND OUR WORK, OUR STRATEGY 

835
00:27:11,763 --> 00:27:13,331
AROUND COMMERCIAL AFFORDABILITY.

836
00:27:13,331 --> 00:27:16,334
WE'RE FOCUSING ON SEVERAL CORE 

837
00:27:16,334 --> 00:27:18,203
OUTCOMES, PRIMARILY STABILITY 

838
00:27:18,203 --> 00:27:20,171
AND CONTROL OF COMMERCIAL SPACES

839
00:27:20,171 --> 00:27:22,007
THROUGH OWNERSHIP OR LONG TERM 

840
00:27:22,007 --> 00:27:22,941
LEASES, ALLOWING AN OWNER TO 

841
00:27:22,941 --> 00:27:24,843
INVEST BACK IN THEIR BUSINESS 

842
00:27:24,843 --> 00:27:26,211
AND PROVIDING OPPORTUNITIES FOR 

843
00:27:26,211 --> 00:27:29,514
SHARED OWNERSHIP AND COMMUNITY. 

844
00:27:29,514 --> 00:27:31,016
ALSO, INVESTING IN THE 

845
00:27:31,016 --> 00:27:31,616
BUSINESSES INFRASTRUCTURE TO 

846
00:27:31,616 --> 00:27:34,119
INCREASE THEIR PROFITABILITY. 

847
00:27:34,119 --> 00:27:34,753
THE COMMERCIAL SPACE IS ONE OF 

848
00:27:34,753 --> 00:27:36,788
THE MOST EXPENSIVE AND 

849
00:27:36,788 --> 00:27:37,789
POTENTIALLY VOLATILE FOR 

850
00:27:37,789 --> 00:27:38,423
BUSINESSES, AND WE HEARD A 

851
00:27:38,423 --> 00:27:39,924
LITTLE BIT ALREADY WHO OFTEN 

852
00:27:39,924 --> 00:27:41,226
SPEND A LOT OF THEIR WORKING 

853
00:27:41,226 --> 00:27:42,694
CAPITAL JUST GETTING INTO A 

854
00:27:42,694 --> 00:27:43,795
SPACE, LET ALONE RUNNING THE 

855
00:27:43,795 --> 00:27:45,630
BUSINESS. AND SO PROVIDING THAT 

856
00:27:45,630 --> 00:27:47,599
PLATFORM FOR GENERATIONAL WEALTH

857
00:27:47,599 --> 00:27:49,100
THROUGH BUSINESS OWNERSHIP. AND 

858
00:27:49,100 --> 00:27:51,102
THEN FINALLY, IT ALSO ENHANCING 

859
00:27:51,102 --> 00:27:52,203
NEIGHBORHOOD VIBRANCY BY KEEPING

860
00:27:52,203 --> 00:27:53,438
LOCAL BUSINESSES ROOTED IN THEIR

861
00:27:53,438 --> 00:27:55,573
NEIGHBORHOODS AND REDUCING 

862
00:27:55,573 --> 00:27:56,841
VACANCIES AND THINKING ABOUT 

863
00:27:56,841 --> 00:27:57,375
BETTER QUALITY COMMERCIAL 

864
00:27:57,375 --> 00:28:01,312
SPACES, BETTER QUALITY LEASES. 

865
00:28:01,312 --> 00:28:04,082
SO WE'VE BEEN REALLY WORKING ON

866
00:28:04,082 --> 00:28:04,716
I KNOW THIS IS A SCARY SLIDE, 

867
00:28:04,716 --> 00:28:06,284
BUT WE'VE BEEN REALLY WORKING 

868
00:28:06,284 --> 00:28:07,519
ON A CONTINUUM OF PROGRAMS AND 

869
00:28:07,519 --> 00:28:09,220
INVESTMENTS TO SUPPORT SMALL 

870
00:28:09,220 --> 00:28:11,389
BUSINESSES. AND SO THIS GRAPHIC 

871
00:28:11,389 --> 00:28:12,891
SHOWS HOW OUR PROGRAMS SCALE 

872
00:28:12,891 --> 00:28:15,660
FROM LOW BARRIER STABILIZATION 

873
00:28:15,660 --> 00:28:17,962
FOCUSED SUPPORTS TO HIGHER 

874
00:28:17,962 --> 00:28:20,065
INVESTMENT PROGRAMS DESIGNED FOR

875
00:28:20,065 --> 00:28:20,598
ESTABLISHED, GROWTH READY 

876
00:28:20,598 --> 00:28:21,232
BUSINESSES. AND I'LL BRIEFLY 

877
00:28:21,232 --> 00:28:23,268
TOUCH ON THESE THIS MORNING. 

878
00:28:23,268 --> 00:28:24,669
THERE'S A LOT MORE INFORMATION 

879
00:28:24,669 --> 00:28:26,671
ON OUR ON OUR WEBSITE AS WELL. 

880
00:28:26,671 --> 00:28:28,640
SO FIRST, OUR ACCOUNTING AND 

881
00:28:28,640 --> 00:28:30,742
BUSINESS CONSULTING PROGRAM 

882
00:28:30,742 --> 00:28:32,310
GIVES SMALL BUSINESSES EXPERT 

883
00:28:32,310 --> 00:28:34,312
ADVICE TO HELP STABILIZE AND 

884
00:28:34,312 --> 00:28:34,913
STRENGTHEN, STRENGTHEN THEIR 

885
00:28:34,913 --> 00:28:36,014
OPERATIONS AND FINANCES IN ALL 

886
00:28:36,014 --> 00:28:39,551
OF OUR COMMERCIAL AFFORDABILITY 

887
00:28:39,551 --> 00:28:40,185
PROGRAMS, COLLABORATE WITH THE 

888
00:28:40,185 --> 00:28:43,221
A, B, C PARTNERSHIP. WE ALSO DO 

889
00:28:43,221 --> 00:28:45,557
COMMERCIAL SPACE CONSULTING, 

890
00:28:45,557 --> 00:28:48,059
WHICH PROVIDES HELPS WITH 

891
00:28:48,059 --> 00:28:49,060
LANDLORD ADVOCACY AND LEASE 

892
00:28:49,060 --> 00:28:49,627
NEGOTIATION SUPPORT TO HELP 

893
00:28:49,627 --> 00:28:51,629
MITIGATE DISPLACEMENT OF SMALL 

894
00:28:51,629 --> 00:28:55,066
BUSINESSES. ALSO SUPPORTING OUR 

895
00:28:55,066 --> 00:28:55,567
LARGER COMMERCIAL SPACE 

896
00:28:55,567 --> 00:28:56,434
INVESTMENTS. AND I THINK WE'LL 

897
00:28:56,434 --> 00:28:58,470
BE HEARING FROM SOME OF THOSE 

898
00:28:58,470 --> 00:29:01,072
PARTNERS THIS MORNING AS WELL. 

899
00:29:01,072 --> 00:29:01,573
SEATTLE RESTORED PILOT 

900
00:29:01,573 --> 00:29:03,575
STOREFRONTS FOR ENTREPRENEURS 

901
00:29:03,575 --> 00:29:05,376
WHILE REDUCING VACANCIES. THEY 

902
00:29:05,376 --> 00:29:06,678
PROVIDE PRIMARILY BEEN OPERATING

903
00:29:06,678 --> 00:29:09,914
DOWNTOWN IN OUR SOUTH DOWNTOWN 

904
00:29:09,914 --> 00:29:10,548
NEIGHBORHOODS AND ALSO PILOTING 

905
00:29:10,548 --> 00:29:11,416
LARGER VACANCY ACTIVATIONS IN 

906
00:29:11,416 --> 00:29:14,285
SOME OF OUR NEIGHBORHOODS. THIS 

907
00:29:14,285 --> 00:29:16,321
YEAR, WE PILOTING A PRERELEASE 

908
00:29:16,321 --> 00:29:18,189
PROGRAM TO THINK ABOUT HELPING 

909
00:29:18,189 --> 00:29:19,124
BUSINESSES GET LEASE READY, AND 

910
00:29:19,124 --> 00:29:21,960
THEY RECEIVE CONSULTING AND 

911
00:29:21,960 --> 00:29:23,194
TECHNICAL SERVICES. THIS HELPS 

912
00:29:23,194 --> 00:29:24,696
FILL VACANCIES WITH STABLE 

913
00:29:24,696 --> 00:29:26,598
BUSINESSES READY FOR LONG TERM 

914
00:29:26,598 --> 00:29:29,167
OPERATION AND INCREASE 

915
00:29:29,167 --> 00:29:30,935
RETENTION. AND THEN OUR CAPITAL 

916
00:29:30,935 --> 00:29:32,470
ACCESS PROGRAM IS THE AFFORDABLE

917
00:29:32,470 --> 00:29:34,038
FINANCING PIECE IS A REALLY 

918
00:29:34,038 --> 00:29:36,040
IMPORTANT PART AS WE THINK ABOUT

919
00:29:36,040 --> 00:29:36,674
ANY OF OUR PROGRAMS ACROSS OUR 

920
00:29:36,674 --> 00:29:38,476
COMMUNITY WEALTH BUILDING TEAM, 

921
00:29:38,476 --> 00:29:39,010
INCLUDING OUR COMMERCIAL 

922
00:29:39,010 --> 00:29:40,612
AFFORDABILITY, WE'RE INCREASING

923
00:29:40,612 --> 00:29:42,046
ACCESS TO CAPITAL FOR 

924
00:29:42,046 --> 00:29:44,382
HISTORICALLY UNDERSERVED 

925
00:29:44,382 --> 00:29:45,016
BUSINESSES THROUGH PARTNERSHIPS 

926
00:29:45,016 --> 00:29:46,417
WITH OUR LOCAL COMMUNITY 

927
00:29:46,417 --> 00:29:46,885
DEVELOPMENT FINANCIAL 

928
00:29:46,885 --> 00:29:47,919
INSTITUTIONS. WE'RE TRYING TO 

929
00:29:47,919 --> 00:29:49,053
MAKE CAPITAL LOWERING THE COST 

930
00:29:49,053 --> 00:29:50,955
OF CAPITAL CURRENTLY THROUGH AN 

931
00:29:50,955 --> 00:29:52,590
INTEREST RATE BUY DOWN APPROACH,

932
00:29:52,590 --> 00:29:54,325
AND ALSO GETTING BUSINESSES 

933
00:29:54,325 --> 00:29:56,094
CAPITAL READY AND UNDERSTANDING 

934
00:29:56,094 --> 00:29:57,128
HOW FINANCING, WHAT THEIR 

935
00:29:57,128 --> 00:30:00,231
FINANCING NEEDS ARE FOR THEIR 

936
00:30:00,231 --> 00:30:00,899
BUSINESS. AND THEN LASTLY, I'LL

937
00:30:00,899 --> 00:30:01,432
TOUCH ON IS OUR TENANT 

938
00:30:01,432 --> 00:30:03,401
IMPROVEMENT PROGRAM, WHICH 

939
00:30:03,401 --> 00:30:05,570
PROVIDES EQUIPMENT AND SIGNAGE 

940
00:30:05,570 --> 00:30:06,538
AWARDS TO HELP BUSINESSES GROW, 

941
00:30:06,538 --> 00:30:08,973
STABILIZE AND GROW, AND ALSO 

942
00:30:08,973 --> 00:30:10,642
LARGER BUILD OUT PROJECTS TO 

943
00:30:10,642 --> 00:30:12,610
INVEST IN NEIGHBORHOOD ANCHORS. 

944
00:30:12,610 --> 00:30:14,345
AND THEN FINALLY, OUR BUSINESS 

945
00:30:14,345 --> 00:30:17,248
COMMUNITY OWNERSHIP FUND PROGRAM

946
00:30:17,248 --> 00:30:19,484
PROVIDES LONG TERM AFFORDABILITY

947
00:30:19,484 --> 00:30:21,386
AND CONTROL THROUGH OWNERSHIP OF

948
00:30:21,386 --> 00:30:23,488
COMMERCIAL SPACES, REALLY 

949
00:30:23,488 --> 00:30:25,356
ANCHORING SMALL BUSINESSES IN 

950
00:30:25,356 --> 00:30:25,924
NEIGHBORHOODS OR PROVIDING 

951
00:30:25,924 --> 00:30:27,225
PATHWAYS TO RETURN. AND THIS 

952
00:30:27,225 --> 00:30:29,060
PROGRAM IS IMPLEMENTED IN 

953
00:30:29,060 --> 00:30:30,662
PARTNERSHIP WITH GROW AMERICA, 

954
00:30:30,662 --> 00:30:32,730
WHO MATCHES CITY FUNDS WITH 

955
00:30:32,730 --> 00:30:35,200
GRANT FINANCING OR WITH 

956
00:30:35,200 --> 00:30:35,767
FINANCING AND GRANTS. IT 

957
00:30:35,767 --> 00:30:37,368
LAUNCHED AS A PILOT IN 2024, AND

958
00:30:37,368 --> 00:30:40,371
WE CLOSED ON OUR FOURTH PROJECT.

959
00:30:40,371 --> 00:30:41,472
EARLIER THIS YEAR, ANNOUNCEMENT 

960
00:30:41,472 --> 00:30:43,241
COMING LATER IN THE YEAR. AND SO

961
00:30:43,241 --> 00:30:45,476
I'LL NOW TURN IT OVER TO JEN TO

962
00:30:45,476 --> 00:30:46,978
SHARE HOW THESE INVESTMENTS 

963
00:30:46,978 --> 00:30:50,348
REALLY COME TOGETHER IN SPECIFIC

964
00:30:50,348 --> 00:30:50,582
AREAS. 

965
00:30:50,582 --> 00:30:52,217
-- HEY, EVERYBODY. I JUST WANT 

966
00:30:52,217 --> 00:30:55,486
TO ILLUSTRATE A BIT ABOUT HOW 

967
00:30:55,486 --> 00:30:56,087
THESE DIFFERENT SERVICES AND 

968
00:30:56,087 --> 00:30:58,356
PROGRAMS CAN WORK TOGETHER AND 

969
00:30:58,356 --> 00:31:00,358
BE REALLY TAILORED TO A 

970
00:31:00,358 --> 00:31:01,059
NEIGHBORHOOD'S NEEDS. SO I'LL 

971
00:31:01,059 --> 00:31:01,693
START WITH TALKING ABOUT LAKE 

972
00:31:01,693 --> 00:31:04,429
CITY. I WANT TO CALL BACK TO 

973
00:31:04,429 --> 00:31:06,998
SOME OF THE PUBLIC COMMENT 

974
00:31:06,998 --> 00:31:08,533
EARLIER IN 2025, WE DECIDED TO 

975
00:31:08,533 --> 00:31:10,668
WORK WITH BUILDING LAKE CITY 

976
00:31:10,668 --> 00:31:11,202
TOGETHER TO BRING SEATTLE 

977
00:31:11,202 --> 00:31:12,670
RESTORED TO THE LAKE CITY 

978
00:31:12,670 --> 00:31:15,139
NEIGHBORHOOD, AND WE ENDED UP 

979
00:31:15,139 --> 00:31:16,774
EXPANDING TO WORK WITH ABOUT 24 

980
00:31:16,774 --> 00:31:19,010
BUSINESSES TO PILOT STOREFRONT 

981
00:31:19,010 --> 00:31:20,912
LOCATIONS IN THAT AREA. AND THIS

982
00:31:20,912 --> 00:31:22,680
WAS BASED ON TALKING TO A BUNCH 

983
00:31:22,680 --> 00:31:23,882
OF DIFFERENT NEIGHBORHOODS, 

984
00:31:23,882 --> 00:31:25,183
HEARING ABOUT THEIR NEEDS, AND 

985
00:31:25,183 --> 00:31:27,986
FINDING WHAT WOULD BE THE BEST 

986
00:31:27,986 --> 00:31:30,021
FIT AND HOW WE COULD MEET THOSE 

987
00:31:30,021 --> 00:31:32,123
NEEDS. SO IN LAKE CITY, THERE 

988
00:31:32,123 --> 00:31:33,391
WERE AND STILL ARE, YOU KNOW, A 

989
00:31:33,391 --> 00:31:34,826
LOT OF VACANT SPACES AND LESS 

990
00:31:34,826 --> 00:31:36,928
ACTIVITY ALONG THE MAIN STREET. 

991
00:31:36,928 --> 00:31:38,896
SO THIS WAS PART OF A STRATEGY 

992
00:31:38,896 --> 00:31:42,233
TO PARTNER WITH THOSE ALREADY IN

993
00:31:42,233 --> 00:31:42,834
THE NEIGHBORHOOD AND SUPPORT 

994
00:31:42,834 --> 00:31:46,971
THAT NEED. AFTER SEATTLE 

995
00:31:46,971 --> 00:31:48,206
RESTORED, WE WERE ABLE TO 

996
00:31:48,206 --> 00:31:49,941
RELAUNCH THE PRERELEASE PROGRAM.

997
00:31:49,941 --> 00:31:51,075
AND THIS ACTUALLY CAME PARTIALLY

998
00:31:51,075 --> 00:31:53,711
FROM THE NEED OF THOSE LAKE CITY

999
00:31:53,711 --> 00:31:56,114
POP UPS WANTING TO STAY IN THE 

1000
00:31:56,114 --> 00:31:56,748
NEIGHBORHOOD AND NEEDING SUPPORT

1001
00:31:56,748 --> 00:32:00,084
TO DO THAT. WE ALSO LEVERAGE ABC

1002
00:32:00,084 --> 00:32:01,753
SUPPORT THROUGHOUT ALL OF OUR 

1003
00:32:01,753 --> 00:32:03,688
PROGRAMS TO PROVIDE WRAPAROUND 

1004
00:32:03,688 --> 00:32:05,757
SUPPORT TO BUSINESSES WHO NEED 

1005
00:32:05,757 --> 00:32:07,191
HELP WITH FINANCES, MARKETING, 

1006
00:32:07,191 --> 00:32:09,494
BUSINESS DEVELOPMENT. YEAH, 

1007
00:32:09,494 --> 00:32:12,397
REALLY ALL INCLUSIVE. THERE. 

1008
00:32:12,397 --> 00:32:14,666
ALSO, THIS LED TO US RETHINKING 

1009
00:32:14,666 --> 00:32:17,402
ABOUT THE COYOTE NORTH BUILDING 

1010
00:32:17,402 --> 00:32:19,504
IN LAKE CITY AS A POTENTIAL 

1011
00:32:19,504 --> 00:32:21,673
SPACE FOR BCOV TO MORE 

1012
00:32:21,673 --> 00:32:24,509
PERMANENTLY ANCHOR BUSINESSES IN

1013
00:32:24,509 --> 00:32:25,810
THE NEIGHBORHOOD. AND THIS ALSO 

1014
00:32:25,810 --> 00:32:26,644
CREATED MORE CONNECTIONS FOR US 

1015
00:32:26,644 --> 00:32:28,479
WITHIN THE NEIGHBORHOOD, LEADING

1016
00:32:28,479 --> 00:32:30,348
TO THE REUSE COMMONS PROJECT 

1017
00:32:30,348 --> 00:32:34,085
THROUGH SEATTLE RESTORED AND 

1018
00:32:34,085 --> 00:32:37,789
THEN THE NEXT NEIGHBORHOOD. I'LL

1019
00:32:37,789 --> 00:32:39,190
TALK ABOUT IS OTHELLO. WE WORKED

1020
00:32:39,190 --> 00:32:41,859
REALLY HEAVILY IN OTHELLO, 

1021
00:32:41,859 --> 00:32:43,594
ESPECIALLY THROUGH THE TENANT 

1022
00:32:43,594 --> 00:32:44,228
IMPROVEMENT PROGRAM WITH ABOUT 

1023
00:32:44,228 --> 00:32:45,663
14 PROJECTS COMPLETED ALREADY. 

1024
00:32:45,663 --> 00:32:50,768
WE HAVE FOUR NEW NEIGHBORS, AND 

1025
00:32:50,768 --> 00:32:52,270
THIS IS LARGELY BECAUSE OTHELLO 

1026
00:32:52,270 --> 00:32:55,006
IS A REALLY VIBRANT, HIGH 

1027
00:32:55,006 --> 00:32:55,640
DENSITY BUSINESS DISTRICT WITH A

1028
00:32:55,640 --> 00:32:59,410
LOT OF SMALLER MICRO BUSINESSES 

1029
00:32:59,410 --> 00:33:00,111
OWNED BY IMMIGRANTS THAT HAVE 

1030
00:33:00,111 --> 00:33:02,680
BEEN IN THE AREA FOR TEN, 20, 30

1031
00:33:02,680 --> 00:33:05,283
YEARS. SO WANTING TO SUPPORT THE

1032
00:33:05,283 --> 00:33:06,884
STRENGTHS AND VIBRANCY ALREADY 

1033
00:33:06,884 --> 00:33:07,986
PRESENT IN THAT AREA. ALSO, 

1034
00:33:07,986 --> 00:33:11,789
THERE ARE A LOT OF OLDER 

1035
00:33:11,789 --> 00:33:13,358
COMMERCIAL SPACES, MULTI-TENANT 

1036
00:33:13,358 --> 00:33:15,259
COMMERCIAL SPACES IN THIS AREA. 

1037
00:33:15,259 --> 00:33:17,929
AND SO WE HAVE DONE A LOT OF 

1038
00:33:17,929 --> 00:33:18,563
COMMERCIAL SPACE SUPPORT THROUGH

1039
00:33:18,563 --> 00:33:20,298
OUR CONSULTANTS WITH LEASE 

1040
00:33:20,298 --> 00:33:22,300
NEGOTIATION, HELPING WITH THINGS

1041
00:33:22,300 --> 00:33:23,267
LIKE GETTING A LEASE FOR A 

1042
00:33:23,267 --> 00:33:26,671
BUSINESS THAT HASN'T HAD ONE, OR

1043
00:33:26,671 --> 00:33:27,238
HELPING WITH INFRASTRUCTURE 

1044
00:33:27,238 --> 00:33:28,439
ISSUES IN BUILDINGS JUST DUE TO 

1045
00:33:28,439 --> 00:33:30,475
AGING INFRASTRUCTURE IN THAT 

1046
00:33:30,475 --> 00:33:32,977
AREA. ALSO, I WANT TO MENTION 

1047
00:33:32,977 --> 00:33:34,879
THAT BCOV IN A NEW STRATEGY 

1048
00:33:34,879 --> 00:33:36,114
STRATEGY THIS YEAR, HAS 

1049
00:33:36,114 --> 00:33:37,749
PURCHASED TWO NEW COMMERCIAL 

1050
00:33:37,749 --> 00:33:40,385
SPACES IN OTHELLO. A LOT OF 

1051
00:33:40,385 --> 00:33:41,019
DEVELOPMENT IS ALSO HAPPENING IN

1052
00:33:41,019 --> 00:33:44,522
THAT AREA, SO WE WANTED TO MAKE 

1053
00:33:44,522 --> 00:33:46,290
SURE THAT SMALL, INDEPENDENT 

1054
00:33:46,290 --> 00:33:48,092
BUSINESSES COULD BE ANCHORED IN 

1055
00:33:48,092 --> 00:33:50,228
THOSE NEWER SPACES AS WELL. AND 

1056
00:33:50,228 --> 00:33:52,063
THEN I'LL JUST SAY HEIDI 

1057
00:33:52,063 --> 00:33:54,165
MENTIONED THIS, BUT OUR ABC AND 

1058
00:33:54,165 --> 00:33:56,234
CAPITAL ACCESS PROGRAM PROVIDE 

1059
00:33:56,234 --> 00:33:57,368
WRAPAROUND SUPPORT FOR EVERY 

1060
00:33:57,368 --> 00:33:58,903
BUSINESS THAT WE WORK WITH. SO 

1061
00:33:58,903 --> 00:33:59,570
THAT'S A RESOURCE WE MENTIONED 

1062
00:33:59,570 --> 00:34:05,309
TO EVERYONE. SO THESE ARE SOME 

1063
00:34:05,309 --> 00:34:06,411
OF THE CHALLENGES WE HAVE 

1064
00:34:06,411 --> 00:34:08,646
IDENTIFIED IN OUR WORK WITH 

1065
00:34:08,646 --> 00:34:10,615
SMALL BUSINESSES OVER THE PAST 

1066
00:34:10,615 --> 00:34:12,183
SEVERAL YEARS. WE WILL HEAR FROM

1067
00:34:12,183 --> 00:34:13,584
SMALL BUSINESSES AND OUR 

1068
00:34:13,584 --> 00:34:14,986
COMMUNITY PARTNERS ABOUT THEIR 

1069
00:34:14,986 --> 00:34:15,586
EXPERIENCES WITH THIS. BUT I 

1070
00:34:15,586 --> 00:34:18,923
JUST WANT TO HIGHLIGHT A FEW 

1071
00:34:18,923 --> 00:34:21,292
IMPORTANT BARRIERS WHICH HEIDI 

1072
00:34:21,292 --> 00:34:22,894
HEIDI ALSO MENTIONED. SO THE 

1073
00:34:22,894 --> 00:34:24,562
BARRIER TO ENTER COMMERCIAL 

1074
00:34:24,562 --> 00:34:25,296
SPACES IS PRETTY HIGH FOR 

1075
00:34:25,296 --> 00:34:28,032
BUSINESSES AND CAN BE VERY 

1076
00:34:28,032 --> 00:34:28,699
DESTABILIZING IF THEY'RE EARLY 

1077
00:34:28,699 --> 00:34:30,401
ON IN THEIR BUSINESS JOURNEY. 

1078
00:34:30,401 --> 00:34:32,937
THIS INCLUDES THE COST OF 

1079
00:34:32,937 --> 00:34:33,471
CONSTRUCTION, PERMITTING 

1080
00:34:33,471 --> 00:34:35,406
TIMELINES, EXTENDING THE TIME 

1081
00:34:35,406 --> 00:34:37,775
BEFORE THEY CAN ACTUALLY START 

1082
00:34:37,775 --> 00:34:39,811
TO CONTINUE OPERATING THEIR 

1083
00:34:39,811 --> 00:34:40,378
BUSINESS AND EARNING INCOME 

1084
00:34:40,378 --> 00:34:44,048
AGAIN IN THAT SPACE. AND THEN 

1085
00:34:44,048 --> 00:34:44,582
ALSO JUST CONTINUAL LEASE 

1086
00:34:44,582 --> 00:34:45,783
EDUCATION, EVEN WITH VETERAN 

1087
00:34:45,783 --> 00:34:47,819
BUSINESS OWNERS WHO HAVE BEEN 

1088
00:34:47,819 --> 00:34:49,754
ESTABLISHED IN THEIR SPACE FOR 

1089
00:34:49,754 --> 00:34:51,656
MANY DECADES. AGAIN, WHAT WE'RE

1090
00:34:51,656 --> 00:34:53,391
SEEING IS LIKE EVEN THOSE 

1091
00:34:53,391 --> 00:34:54,692
BUSINESS OWNERS MIGHT NOT HAVE A

1092
00:34:54,692 --> 00:34:55,993
LEASE, MIGHT HAVE CHALLENGES 

1093
00:34:55,993 --> 00:34:58,763
WITH THEIR SPACE. AND SO WE'VE 

1094
00:34:58,763 --> 00:35:00,031
DONE A LOT OF ADVOCACY, ADVOCACY

1095
00:35:00,031 --> 00:35:02,467
AND CONNECTION FOR THOSE 

1096
00:35:02,467 --> 00:35:02,967
BUSINESS OWNERS TO HELP 

1097
00:35:02,967 --> 00:35:04,335
ESTABLISH STRONG LEASES, WHETHER

1098
00:35:04,335 --> 00:35:05,937
THEY ARE EARLY ON OR LATER ON IN

1099
00:35:05,937 --> 00:35:10,208
THEIR JOURNEY. 

1100
00:35:10,208 --> 00:35:12,176
-- GREAT. THANK YOU. AND JUST TO

1101
00:35:12,176 --> 00:35:13,611
ADD TO THE SOME OF THE 

1102
00:35:13,611 --> 00:35:14,245
CHALLENGES THAT JEN HIGHLIGHTED 

1103
00:35:14,245 --> 00:35:15,413
THAT WE'RE GOING TO HEAR FROM 

1104
00:35:15,413 --> 00:35:17,181
OUR BUSINESSES. SO OUR TEAM IS 

1105
00:35:17,181 --> 00:35:18,783
WORKING TO ADDRESS SOME OF NOT 

1106
00:35:18,783 --> 00:35:20,618
TO ADDRESS SOME PIECES OF THIS. 

1107
00:35:20,618 --> 00:35:22,353
OUR TEAM'S WORKING ON SOME 

1108
00:35:22,353 --> 00:35:22,854
COMMERCIAL TRANSPARENCY 

1109
00:35:22,854 --> 00:35:24,388
LEGISLATION, AND WE ANTICIPATE 

1110
00:35:24,388 --> 00:35:26,424
SUBMITTING THAT SOMETHING TO 

1111
00:35:26,424 --> 00:35:27,325
COUNCIL IN THE COMING MONTH AND 

1112
00:35:27,325 --> 00:35:29,794
LOOK FORWARD TO DISCUSSING THAT 

1113
00:35:29,794 --> 00:35:30,795
FURTHER. SO I GUESS AT THIS 

1114
00:35:30,795 --> 00:35:33,598
MOMENT, WE'LL TRANSITION TO OUR

1115
00:35:33,598 --> 00:35:34,899
ROUNDTABLE. UNLESS THERE WERE 

1116
00:35:34,899 --> 00:35:36,567
ANY IMMEDIATE QUESTIONS. 

1117
00:35:36,567 --> 00:35:38,636
-- COLLEAGUES, ARE THERE ANY 

1118
00:35:38,636 --> 00:35:40,071
QUESTIONS ON THIS MATERIAL FROM 

1119
00:35:40,071 --> 00:35:43,574
THE OFFICE OF ECONOMIC 

1120
00:35:43,574 --> 00:35:48,146
DEVELOPMENT? NOT HEARING OR 

1121
00:35:48,146 --> 00:35:49,614
SEEING ANY. AND SO I TO MAKE 

1122
00:35:49,614 --> 00:35:52,517
SURE THAT WE HEAR DIRECTLY FROM 

1123
00:35:52,517 --> 00:35:53,184
OUR SMALL BUSINESSES, I AM GOING

1124
00:35:53,184 --> 00:35:54,285
TO THANK OUR PANELISTS RIGHT NOW

1125
00:35:54,285 --> 00:35:56,521
AND PIVOT AND COLLEAGUES AS WE 

1126
00:35:56,521 --> 00:35:58,389
GO INTO THIS NEXT PART OF THE 

1127
00:35:58,389 --> 00:36:00,091
AGENDA, I AM GOING TO PUT US AT 

1128
00:36:00,091 --> 00:36:01,592
EASE JUST DURING THIS 

1129
00:36:01,592 --> 00:36:02,760
TRANSITION. OKAY. SO WE'LL BE 

1130
00:36:02,760 --> 00:36:13,170
RIGHT BACK IN A SECOND. 

1131
00:36:13,838 --> 00:36:24,248
-- ALL THE OTHER THING IS, 

1132
00:37:31,148 --> 00:37:32,116
NIKITA MATHIS. SHE'S LOCKED IN.

1133
00:37:32,116 --> 00:37:35,853
I AM GOING RESPONSE SHE'S GOING

1134
00:37:35,853 --> 00:37:40,091
TO GET IT DEPENDS ON IF SHE 

1135
00:37:40,091 --> 00:37:50,601
ACCEPTS. EVERYONE YEAH YEAH. 

1136
00:37:52,236 --> 00:37:55,206
-- ALL RIGHT. THANK YOU, 

1137
00:37:55,206 --> 00:37:56,707
COLLEAGUES, FOR ALLOWING US TO 

1138
00:37:56,707 --> 00:38:00,778
TAKE THAT BRIEF PAUSE AS WE WERE

1139
00:38:00,778 --> 00:38:02,313
TRANSITIONING. AND NOW WE ARE 

1140
00:38:02,313 --> 00:38:04,081
GOING TO HAVE THE CLERK READ 

1141
00:38:04,081 --> 00:38:07,985
ITEM THREE INTO THE RECORD. 

1142
00:38:07,985 --> 00:38:09,954
-- ITEM THREE ROUNDTABLE ON 

1143
00:38:09,954 --> 00:38:13,391
COMMERCIAL AFFORDABILITY 

1144
00:38:13,391 --> 00:38:13,924
BRIEFING AND DISCUSSION. 

1145
00:38:13,924 --> 00:38:14,859
-- WONDERFUL. THANK YOU SO MUCH 

1146
00:38:14,859 --> 00:38:16,594
FOR OUR PANELISTS HERE TODAY. I 

1147
00:38:16,594 --> 00:38:18,763
KNOW WE HAVE MOST FOLKS AT THE 

1148
00:38:18,763 --> 00:38:20,197
TABLE, AND WE ALSO HAVE ONE OF 

1149
00:38:20,197 --> 00:38:20,931
OUR PANELISTS ONLINE AS WELL. IF

1150
00:38:20,931 --> 00:38:23,401
WE CAN DO JUST A QUICK ROUND 

1151
00:38:23,401 --> 00:38:24,835
ROBIN OF INTRODUCTIONS BEFORE 

1152
00:38:24,835 --> 00:38:25,436
STARTING THE ROUNDTABLE, THAT 

1153
00:38:25,436 --> 00:38:29,106
WOULD BE GREAT. 

1154
00:38:29,106 --> 00:38:30,574
-- HELLO. 

1155
00:38:30,574 --> 00:38:33,377
-- MY NAME IS SHANTI BRESNAN AND

1156
00:38:33,377 --> 00:38:36,047
I'M A SMALL BUSINESS DEVELOPMENT

1157
00:38:36,047 --> 00:38:36,580
CONSULTANT WHO FOCUSES ON 

1158
00:38:36,580 --> 00:38:38,883
ASSISTING SMALL BUSINESSES WITH 

1159
00:38:38,883 --> 00:38:40,518
NAVIGATING ALL ISSUES RELATED TO

1160
00:38:40,518 --> 00:38:42,987
SPACE, COMMERCIAL SPACE. I WORK 

1161
00:38:42,987 --> 00:38:46,157
IN CHINATOWN-INTERNATIONAL 

1162
00:38:46,157 --> 00:38:46,624
DISTRICT FOR SEATTLE, 

1163
00:38:46,624 --> 00:38:47,258
CHINATOWN-INTERNATIONAL DISTRICT

1164
00:38:47,258 --> 00:38:47,858
PRESERVATION AND DEVELOPMENT 

1165
00:38:47,858 --> 00:38:48,959
AUTHORITY. I'VE DONE THAT PART 

1166
00:38:48,959 --> 00:38:50,695
TIME FOR ABOUT TEN YEARS AND A 

1167
00:38:50,695 --> 00:38:52,797
THREE YEARS AGO. I ALSO STARTED 

1168
00:38:52,797 --> 00:38:55,199
ASSISTING OPCD WITH THEIR 

1169
00:38:55,199 --> 00:38:56,400
COMMERCIAL SPACE CONSULTING 

1170
00:38:56,400 --> 00:39:00,771
PROGRAM AND NOW PRE-LEASE 

1171
00:39:00,771 --> 00:39:01,038
PROGRAM. 

1172
00:39:01,038 --> 00:39:02,540
-- HI EVERYONE. I'M GABRIEL 

1173
00:39:02,540 --> 00:39:04,875
NEUMANN. I USE HE HIM PRONOUNS. 

1174
00:39:04,875 --> 00:39:06,410
I'M THE DIRECTOR OF POLICY AND 

1175
00:39:06,410 --> 00:39:08,746
ADVOCACY AT GSBA. WE ARE 

1176
00:39:08,746 --> 00:39:09,847
STATEWIDE LGBTQ AND ALLIED 

1177
00:39:09,847 --> 00:39:11,716
BUSINESS ASSOCIATION AND CAPITOL

1178
00:39:11,716 --> 00:39:12,950
HILLS CHAMBER OF COMMERCE, AND I

1179
00:39:12,950 --> 00:39:15,786
WORK CLOSELY WITH OUR SMALL 

1180
00:39:15,786 --> 00:39:17,855
BUSINESSES ALSO IN PROVIDING 

1181
00:39:17,855 --> 00:39:18,489
LEGAL CONSULTATION AND ANSWERING

1182
00:39:18,489 --> 00:39:20,658
SOME QUESTIONS AS THROUGH THEIR 

1183
00:39:20,658 --> 00:39:24,562
PROCESSES AS AS SMALL BUSINESS 

1184
00:39:24,562 --> 00:39:24,929
OWNERS. 

1185
00:39:24,929 --> 00:39:30,067
-- HI, MY NAME IS. I'M THE OWNER

1186
00:39:30,067 --> 00:39:36,207
FROM OINK. SO WE GOT SOME HELP 

1187
00:39:36,207 --> 00:39:36,741
FROM THE COMMERCIAL LEASE 

1188
00:39:36,741 --> 00:39:38,309
NEGOTIATED FROM THE CREASE. 

1189
00:39:38,309 --> 00:39:40,544
THAT'S HOW WE CAN. I THINK, 

1190
00:39:40,544 --> 00:39:42,747
REPRESENT THE SMALL BUSINESS WHO

1191
00:39:42,747 --> 00:39:49,820
GOT HELP FROM THIS PROGRAM. YEAH

1192
00:39:49,820 --> 00:39:50,988
-- WONDERFUL. THANK YOU SO MUCH.

1193
00:39:50,988 --> 00:39:53,290
THANK YOU ALL FOR BEING HERE 

1194
00:39:53,290 --> 00:39:56,594
TODAY. AND THANK YOU FOR ALSO, 

1195
00:39:56,594 --> 00:39:59,563
AGAIN, WALKING US THROUGH THE 

1196
00:39:59,563 --> 00:40:01,766
WORK IN TERMS OF STRUCTURING OUR

1197
00:40:01,766 --> 00:40:02,366
DISCUSSION. IF FOLKS WANT TO 

1198
00:40:02,366 --> 00:40:05,770
TAKE A MOMENT AND TALK A LITTLE 

1199
00:40:05,770 --> 00:40:07,304
BIT MORE ABOUT THE IMMEDIATE 

1200
00:40:07,304 --> 00:40:10,074
CHALLENGES THAT THEY SEE IN 

1201
00:40:10,074 --> 00:40:11,475
THEIR WORK, AND JUST SOME 

1202
00:40:11,475 --> 00:40:12,143
HISTORICAL CONTEXT THAT THEY'D 

1203
00:40:12,143 --> 00:40:12,977
LIKE TO SHARE, AND THEN WOULD 

1204
00:40:12,977 --> 00:40:14,078
LOVE TO OPEN IT UP. I HAVE A 

1205
00:40:14,078 --> 00:40:17,748
COUPLE OF QUESTIONS TO KICK US 

1206
00:40:17,748 --> 00:40:22,453
OFF AS WELL. 

1207
00:40:22,453 --> 00:40:23,754
-- SO JEN LAID OUT SOME OF THE 

1208
00:40:23,754 --> 00:40:25,990
FACTORS KIND OF MORE BROADLY, 

1209
00:40:25,990 --> 00:40:29,660
THAT CAN CONTRIBUTE TO 

1210
00:40:29,660 --> 00:40:30,194
COMMERCIAL AFFORDABILITY 

1211
00:40:30,194 --> 00:40:30,795
CHALLENGES. BUT I THINK I CAN 

1212
00:40:30,795 --> 00:40:31,662
ELABORATE A LITTLE BIT. AND I 

1213
00:40:31,662 --> 00:40:33,631
ALSO JUST WANTED TO MENTION THAT

1214
00:40:33,631 --> 00:40:36,267
THIS EFFORT AROUND COMMERCIAL 

1215
00:40:36,267 --> 00:40:38,903
AFFORDABILITY THAT EDDIE HAS 

1216
00:40:38,903 --> 00:40:42,273
SHEPHERDED STARTED IN 2015 WITH 

1217
00:40:42,273 --> 00:40:44,508
THE COMMERCIAL AFFORDABILITY 

1218
00:40:44,508 --> 00:40:45,142
ADVISORY COMMITTEE CONVENED BY 

1219
00:40:45,142 --> 00:40:46,410
THE MAYOR AT THAT TIME. AND IT 

1220
00:40:46,410 --> 00:40:48,012
HAS MADE IT THROUGH, I GUESS, 

1221
00:40:48,012 --> 00:40:50,414
FOUR ADMINISTRATIONS NOW, WHICH 

1222
00:40:50,414 --> 00:40:52,550
IS A PRETTY IMPRESSIVE LEVEL OF 

1223
00:40:52,550 --> 00:40:55,052
COMMITMENT. AND ALSO, I THINK IS

1224
00:40:55,052 --> 00:40:56,954
ATTEST TO THE LEVEL OF NEED IN 

1225
00:40:56,954 --> 00:41:02,760
THIS AREA AROUND SPACE. SO JUST 

1226
00:41:02,760 --> 00:41:03,994
THE MOST SIMPLE FACTOR IS RENT. 

1227
00:41:03,994 --> 00:41:06,630
OF COURSE, BASE RENT AND BASE 

1228
00:41:06,630 --> 00:41:11,001
RENT NEVER REALLY GOES DOWN. IT 

1229
00:41:11,001 --> 00:41:12,803
ONLY GOES UP EVEN WHEN THERE ARE

1230
00:41:12,803 --> 00:41:15,873
SIGNIFICANT CHANGES LIKE THE 

1231
00:41:15,873 --> 00:41:20,311
PANDEMIC RENTS HAVE SLOWED THE 

1232
00:41:20,311 --> 00:41:21,512
ACCELERATION A LITTLE BIT, BUT 

1233
00:41:21,512 --> 00:41:22,179
IT'S STILL A CHALLENGE. AND 

1234
00:41:22,179 --> 00:41:25,182
THIS IS ONE OF THE MAIN THINGS 

1235
00:41:25,182 --> 00:41:28,152
THAT CHRIS AND MYSELF, WE DO AS 

1236
00:41:28,152 --> 00:41:33,057
NEGOTIATION ASSISTANCE, IS TO 

1237
00:41:33,057 --> 00:41:38,863
HELP PEOPLE NEGOTIATE RENT. WE 

1238
00:41:38,863 --> 00:41:40,397
ASSIST BUSINESSES WITH. PROVING 

1239
00:41:40,397 --> 00:41:42,500
WHAT THE MARKET RENTS ARE IN 

1240
00:41:42,500 --> 00:41:43,767
ORDER TO INFLUENCE LANDLORDS TO 

1241
00:41:43,767 --> 00:41:47,438
ACCEPT LOWER RENT PRICES. THE 

1242
00:41:47,438 --> 00:41:48,873
OTHER PART OF THAT, THOUGH, IS 

1243
00:41:48,873 --> 00:41:50,674
IT'S NOT JUST ABOUT WHETHER OR 

1244
00:41:50,674 --> 00:41:54,211
NOT THE RENT IS, YOU KNOW, FAIR 

1245
00:41:54,211 --> 00:41:54,912
FROM A MARKET PERSPECTIVE. IT'S

1246
00:41:54,912 --> 00:41:57,381
ALSO WHETHER OR NOT THE BUSINESS

1247
00:41:57,381 --> 00:41:58,182
ITSELF CAN AFFORD IT. RIGHT. AND

1248
00:41:58,182 --> 00:41:59,717
THAT'S WHERE THE PRE-LEASE 

1249
00:41:59,717 --> 00:42:00,651
PROGRAM COMES IN, WHICH IS A 

1250
00:42:00,651 --> 00:42:03,020
PILOT THIS YEAR. AND THAT'S 

1251
00:42:03,020 --> 00:42:07,291
REALLY ABOUT MORE IN DEPTH WORK.

1252
00:42:07,291 --> 00:42:07,925
MOST OF THE WORK THAT WE DO IS 

1253
00:42:07,925 --> 00:42:09,126
IN THERE'S TEN HOURS THAT ARE 

1254
00:42:09,126 --> 00:42:11,061
ALLOWED, AND IT'S KIND OF LIKE 

1255
00:42:11,061 --> 00:42:12,162
EMERGENCY JUMP IN, HELP PEOPLE 

1256
00:42:12,162 --> 00:42:13,864
WITH DIFFICULTIES WITH THEIR 

1257
00:42:13,864 --> 00:42:15,032
LANDLORDS. THE LEASE PROGRAM IS 

1258
00:42:15,032 --> 00:42:19,069
INTENDED TO TAKE BUSINESSES THAT

1259
00:42:19,069 --> 00:42:21,005
HAVE BEEN OPERATING THROUGH POP 

1260
00:42:21,005 --> 00:42:22,873
UPS OR MARKETS, AND HAVEN'T HAD

1261
00:42:22,873 --> 00:42:24,642
A COMMERCIAL LEASE BEFORE. MAKE 

1262
00:42:24,642 --> 00:42:26,543
SURE THAT THEY'RE READY, DO 

1263
00:42:26,543 --> 00:42:27,177
BUSINESS PLANNING WITH THEM, 

1264
00:42:27,177 --> 00:42:30,114
HELP SUPPORT THEM IN STRATEGIC 

1265
00:42:30,114 --> 00:42:31,348
THINKING ABOUT HOW THEY'RE GOING

1266
00:42:31,348 --> 00:42:33,050
TO EXPAND WHEN THEY TAKE SPACE, 

1267
00:42:33,050 --> 00:42:35,386
CONNECT THEM WITH FINANCIAL 

1268
00:42:35,386 --> 00:42:37,221
RESOURCES, HELP THEM UNDERSTAND 

1269
00:42:37,221 --> 00:42:41,258
TENANT IMPROVEMENTS, HELP THEM 

1270
00:42:41,258 --> 00:42:42,259
UNDERSTAND PERMITTING, AND MAKE 

1271
00:42:42,259 --> 00:42:44,061
SURE THAT THEY'RE READY AND THAT

1272
00:42:44,061 --> 00:42:46,030
CAN THEY CAN AFFORD THAT. AND I 

1273
00:42:46,030 --> 00:42:48,299
THINK WE'VE HEARD THANK YOU TO 

1274
00:42:48,299 --> 00:42:50,100
THE MICRO ENTERPRISE FOLKS THAT 

1275
00:42:50,100 --> 00:42:52,403
CAME EARLIER. THERE'S A REALLY 

1276
00:42:52,403 --> 00:42:53,003
BIG DISTANCE BETWEEN BEING A 

1277
00:42:53,003 --> 00:42:54,972
MICRO ENTERPRISE AND BEING ABLE 

1278
00:42:54,972 --> 00:42:58,175
TO AFFORD A COMMERCIAL LEASE. 

1279
00:42:58,175 --> 00:42:59,176
COMMERCIAL LEASES ARE VERY 

1280
00:42:59,176 --> 00:43:01,378
SERIOUS. THEY'RE NOT LIKE 

1281
00:43:01,378 --> 00:43:04,882
RESIDENTIAL LEASES. THEY ARE 

1282
00:43:04,882 --> 00:43:05,516
CONTRACTS BINDING CONTRACTS THAT

1283
00:43:05,516 --> 00:43:07,818
USUALLY INVOLVE A PERSONAL 

1284
00:43:07,818 --> 00:43:09,987
GUARANTEE CLAUSE, WHICH MEANS 

1285
00:43:09,987 --> 00:43:11,855
THAT IT'S NOT JUST THE 

1286
00:43:11,855 --> 00:43:13,691
BUSINESS'S RESOURCES THAT ARE 

1287
00:43:13,691 --> 00:43:15,125
OBLIGATED TO THE LEASE, IT'S 

1288
00:43:15,125 --> 00:43:16,560
THEIR PERSONAL RESOURCES. AND 

1289
00:43:16,560 --> 00:43:18,662
FOLKS CAN BE BANKRUPTED. THEY 

1290
00:43:18,662 --> 00:43:20,130
CAN TAKE PEOPLE'S ASSETS. AND 

1291
00:43:20,130 --> 00:43:21,298
THIS IS PRETTY MUCH UNIVERSAL AT

1292
00:43:21,298 --> 00:43:25,603
THIS POINT. SO IT'S VERY 

1293
00:43:25,603 --> 00:43:27,705
SERIOUS. SO THAT'S WHAT THE 

1294
00:43:27,705 --> 00:43:29,640
LEASE PROGRAM IS INTENDED TO 

1295
00:43:29,640 --> 00:43:30,374
ADDRESS. THE OTHER THING THAT I 

1296
00:43:30,374 --> 00:43:31,308
WANTED TO TALK ABOUT, AND THIS 

1297
00:43:31,308 --> 00:43:32,776
IS SOMETHING THAT HAS CHANGED A 

1298
00:43:32,776 --> 00:43:35,379
BIT SINCE COVID, AND THAT IS 

1299
00:43:35,379 --> 00:43:36,947
TRIPLE NET. AND THIS IS GETTING 

1300
00:43:36,947 --> 00:43:37,781
INTO THE WEEDS, BUT I'M GOING TO

1301
00:43:37,781 --> 00:43:39,450
GET INTO THE WEEDS A LITTLE BIT 

1302
00:43:39,450 --> 00:43:43,654
BECAUSE THAT'S WHAT I DO. 

1303
00:43:43,654 --> 00:43:47,458
TRIPLE NET IS THE EXTRA RENT 

1304
00:43:47,458 --> 00:43:50,260
THAT IS NOT ACTUALLY EXPLICITLY 

1305
00:43:50,260 --> 00:43:51,595
DETAILED IN TERMS OF THE DOLLAR 

1306
00:43:51,595 --> 00:43:53,097
AMOUNT AND THE LEASE. IT IS THE 

1307
00:43:53,097 --> 00:43:55,599
AMOUNT ABOVE AND BEYOND THE BASE

1308
00:43:55,599 --> 00:43:57,635
RENT THAT IS AGREED TO IN A 

1309
00:43:57,635 --> 00:43:59,370
LEASE THAT INCLUDES. SO IT'S 

1310
00:43:59,370 --> 00:44:01,372
TRIPLE BECAUSE IT'S A SHARE OF 

1311
00:44:01,372 --> 00:44:05,576
THE BUILDING INSURANCE, THE 

1312
00:44:05,576 --> 00:44:07,678
BUILDING PROPERTY TAXES, AND 

1313
00:44:07,678 --> 00:44:09,947
THEN THE BUILDING COMMON AREA 

1314
00:44:09,947 --> 00:44:12,716
MAINTENANCE. AND SINCE COVID, AS

1315
00:44:12,716 --> 00:44:14,785
THERE'S BEEN MORE VACANCY AND 

1316
00:44:14,785 --> 00:44:17,254
PROPERTY INTERESTS ARE 

1317
00:44:17,254 --> 00:44:18,422
STRUGGLING, THERE HAS BEEN MORE 

1318
00:44:18,422 --> 00:44:21,325
AND MORE AND MORE THAT IS PUT 

1319
00:44:21,325 --> 00:44:23,527
INTO THE CATEGORY OF COMMON AREA

1320
00:44:23,527 --> 00:44:24,928
MAINTENANCE. AND THIS IS 

1321
00:44:24,928 --> 00:44:28,165
RESULTING IN SITUATIONS WHERE 

1322
00:44:28,165 --> 00:44:29,433
EVEN EVEN THOUGH YOU HAVE THE 

1323
00:44:29,433 --> 00:44:32,703
SAME LEASE, WHEN THERE IS A 

1324
00:44:32,703 --> 00:44:33,971
PROPERTY CHANGE, A PROPERTY 

1325
00:44:33,971 --> 00:44:35,773
OWNER CHANGE, YOU'LL SEE 

1326
00:44:35,773 --> 00:44:38,609
SITUATIONS WHERE THE TRIPLE NET 

1327
00:44:38,609 --> 00:44:40,044
DOUBLES THIS. I'M WORKING WITH 

1328
00:44:40,044 --> 00:44:41,679
A CLIENT RIGHT NOW AS A SMALL 

1329
00:44:41,679 --> 00:44:43,714
INDEPENDENT GALLERY IN NORTH 

1330
00:44:43,714 --> 00:44:45,682
CAPITOL HILL. THEY HAD A THEY 

1331
00:44:45,682 --> 00:44:46,650
HAD THE SAME LEASE, HAD IT FOR 

1332
00:44:46,650 --> 00:44:49,086
THREE YEARS. THE TRIPLE NET 

1333
00:44:49,086 --> 00:44:51,221
CLAUSE IN THE LEASE IS SO ALL 

1334
00:44:51,221 --> 00:44:52,222
INCLUSIVE AT THE SAME TIME THAT 

1335
00:44:52,222 --> 00:44:56,960
IT IS VAGUE THAT WHEN THERE WAS 

1336
00:44:56,960 --> 00:44:59,129
A CHANGE IN THE PROPERTY 

1337
00:44:59,129 --> 00:45:00,564
OWNERSHIP, THEY SAID, OH, ALL 

1338
00:45:00,564 --> 00:45:01,098
THESE OTHER COSTS ARE NOW 

1339
00:45:01,098 --> 00:45:02,433
INCLUDED. WE GET TO PASS ON ALL 

1340
00:45:02,433 --> 00:45:03,434
THESE OTHER COSTS THAT ARE 

1341
00:45:03,434 --> 00:45:05,803
REALLY THE BUILDING COSTS. AND 

1342
00:45:05,803 --> 00:45:07,371
SO WE'RE IN NEGOTIATION OVER 

1343
00:45:07,371 --> 00:45:09,073
THAT RIGHT NOW. WE'RE WORKING 

1344
00:45:09,073 --> 00:45:10,507
ON A CAP ON THAT SO THAT EVEN IF

1345
00:45:10,507 --> 00:45:12,309
SHE ACCEPTS SOME AMOUNT OF AN 

1346
00:45:12,309 --> 00:45:13,377
INCREASE, SHE WON'T AT LEAST 

1347
00:45:13,377 --> 00:45:14,845
NEXT YEAR HAVE EVEN MORE AND 

1348
00:45:14,845 --> 00:45:15,846
EVEN MORE AND EVEN MORE, WHICH 

1349
00:45:15,846 --> 00:45:18,816
IS WHAT HAPPENS. AND I WOULD SAY

1350
00:45:18,816 --> 00:45:19,650
THAT THIS IS AN INCREASINGLY 

1351
00:45:19,650 --> 00:45:20,918
IMPORTANT ISSUE. BOTH CHRIS AND 

1352
00:45:20,918 --> 00:45:22,386
I, IN TERMS OF THE REFERRALS 

1353
00:45:22,386 --> 00:45:23,487
THAT COME THROUGH OPCD, WE'RE 

1354
00:45:23,487 --> 00:45:25,522
SEEING MORE AND MORE ABOUT 

1355
00:45:25,522 --> 00:45:30,094
TRIPLE NET AND THEN JEN ALSO 

1356
00:45:30,094 --> 00:45:32,796
MENTIONED JUST THE SHEER COST OF

1357
00:45:32,796 --> 00:45:34,565
IMPROVING SPACE FOR NEW SPACES 

1358
00:45:34,565 --> 00:45:38,135
THAT ARE OUT THERE, RESTAURANT 

1359
00:45:38,135 --> 00:45:40,437
SPACES YOU CAN EASILY SPEND OVER

1360
00:45:40,437 --> 00:45:42,039
$500 PER SQUARE FOOT ON BUILDING

1361
00:45:42,039 --> 00:45:43,607
OUT A SPACE. AND SO FOR A 

1362
00:45:43,607 --> 00:45:45,576
RESTAURANT THAT'S, YOU KNOW, 

1363
00:45:45,576 --> 00:45:46,643
ABOUT 2000FT  THAT, YOU KNOW, 

1364
00:45:46,643 --> 00:45:49,213
COULD EASILY BE $1 MILLION. IT 

1365
00:45:49,213 --> 00:45:50,948
USUALLY IS. THAT'S NOT 

1366
00:45:50,948 --> 00:45:53,684
SOMETHING THAT A NEW SMALL 

1367
00:45:53,684 --> 00:45:55,786
BUSINESS CAN AFFORD. AND 

1368
00:45:55,786 --> 00:45:56,887
EXISTING LONG TERM BUSINESSES, 

1369
00:45:56,887 --> 00:45:57,988
YOU CAN'T JUST LET YOUR SPACE 

1370
00:45:57,988 --> 00:45:59,056
SIT OVER TIME. YOU HAVE TO 

1371
00:45:59,056 --> 00:46:02,126
IMPROVE IT. AND IMPROVEMENTS ARE

1372
00:46:02,126 --> 00:46:05,896
REALLY, REALLY EXPENSIVE. ONE. 

1373
00:46:05,896 --> 00:46:06,497
SO ONE OF THE THINGS THAT WE 

1374
00:46:06,497 --> 00:46:09,032
HAVE AS PART OF THE COMMERCIAL 

1375
00:46:09,032 --> 00:46:12,169
SPACE CONSULTING TEAM IS THIS 

1376
00:46:12,169 --> 00:46:12,703
WONDERFUL MAN NAMED CESAR 

1377
00:46:12,703 --> 00:46:15,906
CASTILLO, WHO IS A RETIRED, 

1378
00:46:15,906 --> 00:46:16,406
VERY, VERY EXPERIENCED 

1379
00:46:16,406 --> 00:46:17,207
CONTRACTOR. I CALL HIM MARY 

1380
00:46:17,207 --> 00:46:18,475
POPPINS BECAUSE HE'S DONE 

1381
00:46:18,475 --> 00:46:22,379
EVERYTHING UNDER THE SUN. AND 

1382
00:46:22,379 --> 00:46:24,448
I'M WORKING WITH LATINA BAKERY,

1383
00:46:24,448 --> 00:46:26,083
WHO IS TRYING TO GET HER FIRST 

1384
00:46:26,083 --> 00:46:27,951
BASE. THIS IS THROUGH THE LEASE 

1385
00:46:27,951 --> 00:46:29,987
PROGRAM, AND WE'RE LOOKING AT A

1386
00:46:29,987 --> 00:46:31,655
SPACE WITH A GREAT LANDLORD, 

1387
00:46:31,655 --> 00:46:33,190
NEEDS SOME SIGNIFICANT 

1388
00:46:33,190 --> 00:46:34,758
IMPROVEMENTS BECAUSE IT'S A 

1389
00:46:34,758 --> 00:46:35,559
RETAIL SPACE NOW, AND IT WILL BE

1390
00:46:35,559 --> 00:46:38,695
A BAKERY IF THIS SUCCEEDS. AND 

1391
00:46:38,695 --> 00:46:40,564
THE INITIAL PASS ON THE BUDGET 

1392
00:46:40,564 --> 00:46:43,700
WAS $500 PER SQUARE FOOT, AND 

1393
00:46:43,700 --> 00:46:46,703
AND OVER $500,000 FOR THE 

1394
00:46:46,703 --> 00:46:48,872
IMPROVEMENTS. AND THIS IS IN 

1395
00:46:48,872 --> 00:46:49,806
PART BECAUSE THE REQUIREMENTS 

1396
00:46:49,806 --> 00:46:52,242
FOR ANY TYPE OF FOOD BUSINESS AT

1397
00:46:52,242 --> 00:46:55,546
THIS POINT THROUGH PERMITTING 

1398
00:46:55,546 --> 00:46:58,448
ARE SO ONEROUS THAT THIS IS THIS

1399
00:46:58,448 --> 00:47:00,651
IS WHERE WE'RE AT. SO CESAR 

1400
00:47:00,651 --> 00:47:03,320
HELPED US. WE DID ALSO HAVE TO 

1401
00:47:03,320 --> 00:47:04,755
CHANGE HER BUSINESS PLAN, SOME 

1402
00:47:04,755 --> 00:47:05,622
PRETTY INTENSE CUTTING. HE'S 

1403
00:47:05,622 --> 00:47:07,724
HELPED US GET IT DOWN TO 200 

1404
00:47:07,724 --> 00:47:10,227
000, WHICH IS. I'M VERY GRATEFUL

1405
00:47:10,227 --> 00:47:13,030
TO HIM. SO THIS IS, YOU KNOW, 

1406
00:47:13,030 --> 00:47:14,831
THE TENANT IMPROVEMENT GRANTS 

1407
00:47:14,831 --> 00:47:16,033
ADDRESS THIS, BUT ALSO THE 

1408
00:47:16,033 --> 00:47:17,434
CONSULTING SUPPORT HELPS PEOPLE 

1409
00:47:17,434 --> 00:47:19,937
WITH MAKING SURE THAT THE MONEY 

1410
00:47:19,937 --> 00:47:20,971
THAT GOES IN IS EFFICIENT AND 

1411
00:47:20,971 --> 00:47:21,572
NOTHING IS BEING WASTED. AND 

1412
00:47:21,572 --> 00:47:22,940
ALSO THAT WE'RE GETTING STUFF 

1413
00:47:22,940 --> 00:47:24,274
OUT OF LANDLORDS AS WELL AS 

1414
00:47:24,274 --> 00:47:25,842
WELL. AND THEN THE LAST THING 

1415
00:47:25,842 --> 00:47:30,814
THAT I WANTED TO MENTION IS 

1416
00:47:30,814 --> 00:47:34,384
PERMITTING. SO PERMITTING AT 

1417
00:47:34,384 --> 00:47:37,621
THIS POINT FOR STOREFRONT SPACES

1418
00:47:37,621 --> 00:47:42,292
IS INCREDIBLY COMPLEX. YOU HAVE 

1419
00:47:42,292 --> 00:47:44,761
LOCAL SPECIAL DISTRICTS LIKE THE

1420
00:47:44,761 --> 00:47:46,930
INTERNATIONAL SPECIAL REVIEW 

1421
00:47:46,930 --> 00:47:49,299
DISTRICT THAT HAVE AUTHORITY 

1422
00:47:49,299 --> 00:47:51,535
OVER WHAT GOES INTO THE 

1423
00:47:51,535 --> 00:47:53,003
STOREFRONTS. YOU HAVE SEATTLE 

1424
00:47:53,003 --> 00:47:55,105
DEPARTMENT OF CONSTRUCTION 

1425
00:47:55,105 --> 00:47:56,240
INSPECTIONS WITH A WHOLE HOST OF

1426
00:47:56,240 --> 00:47:57,040
DIFFERENT CODES THAT HAVE TO BE 

1427
00:47:57,040 --> 00:47:59,042
SATISFIED. YOU HAVE KING COUNTY 

1428
00:47:59,042 --> 00:48:00,043
PUBLIC HEALTH WITH THE PUBLIC 

1429
00:48:00,043 --> 00:48:02,779
HEALTH CODE, AS WELL AS THE 

1430
00:48:02,779 --> 00:48:05,349
PLUMBING CODE. YOU HAVE THE 

1431
00:48:05,349 --> 00:48:07,784
WASHINGTON STATE FOR WHOLESALE 

1432
00:48:07,784 --> 00:48:10,721
REGULATION AND THE LIQUOR 

1433
00:48:10,721 --> 00:48:12,389
CONTROL BOARD. AND SOMETIMES 

1434
00:48:12,389 --> 00:48:13,657
THESE CODES ARE IN CONFLICT. SO,

1435
00:48:13,657 --> 00:48:17,094
FOR EXAMPLE, ISD HAS A USE CODE 

1436
00:48:17,094 --> 00:48:18,896
THAT IS DIFFERENT. THAT'S THE 

1437
00:48:18,896 --> 00:48:20,163
INTERNATIONAL SPECIAL REVIEW 

1438
00:48:20,163 --> 00:48:22,299
DISTRICT HAS A DIFFERENT USE 

1439
00:48:22,299 --> 00:48:23,734
CODE THAN SEATTLE DEPARTMENT OF 

1440
00:48:23,734 --> 00:48:25,202
CONSTRUCTION INSPECTIONS. AND 

1441
00:48:25,202 --> 00:48:26,270
YOU HAVE TO GET A USE APPROVAL 

1442
00:48:26,270 --> 00:48:28,272
FROM BOTH OF THOSE ENTITIES. AND

1443
00:48:28,272 --> 00:48:32,342
YOU HAVE TO FIT INTO DIFFERENT 

1444
00:48:32,342 --> 00:48:33,977
USE CODES. SO FOLKS NEED HELP IS

1445
00:48:33,977 --> 00:48:34,911
BASICALLY WHAT I'M SAYING. AND 

1446
00:48:34,911 --> 00:48:37,581
THAT IS A BIG PART OF WHAT THE 

1447
00:48:37,581 --> 00:48:38,916
PROGRAM HELPS PROVIDE IS 

1448
00:48:38,916 --> 00:48:42,152
ASSISTANCE IN NAVIGATING ALL OF 

1449
00:48:42,152 --> 00:48:44,388
THIS. YEAH. NO. STOP TALKING. 

1450
00:48:44,388 --> 00:48:46,423
-- THANK YOU FOR THAT OVERVIEW, 

1451
00:48:46,423 --> 00:48:47,491
SHANTI AND I HAVE SO MANY 

1452
00:48:47,491 --> 00:48:48,125
QUESTIONS ABOUT THE POINTS THAT 

1453
00:48:48,125 --> 00:48:49,993
YOU RAISED, AND I DO WANT TO 

1454
00:48:49,993 --> 00:48:51,361
MAKE SURE I APOLOGIZE. WE HAVE 

1455
00:48:51,361 --> 00:48:51,995
AN ADDITIONAL PANELIST THAT WE 

1456
00:48:51,995 --> 00:48:52,996
HAVEN'T HEARD FROM YET AND 

1457
00:48:52,996 --> 00:48:54,431
HASN'T HAD A CHANCE TO 

1458
00:48:54,431 --> 00:48:55,499
INTRODUCE THEMSELVES. SO I WANT 

1459
00:48:55,499 --> 00:48:58,936
TO TURN IT NEXT TO NIKITA, WHO 

1460
00:48:58,936 --> 00:49:00,771
IS JOINING US ONLINE TO 

1461
00:49:00,771 --> 00:49:01,405
INTRODUCE YOURSELF AND SHARE A 

1462
00:49:01,405 --> 00:49:03,840
LITTLE BIT ABOUT YOUR WORK. 

1463
00:49:03,840 --> 00:49:06,677
-- THANK YOU. HELLO, COMMITTEE 

1464
00:49:06,677 --> 00:49:08,278
MEMBERS. MY NAME IS NIKITA 

1465
00:49:08,278 --> 00:49:10,314
MATHIS AND I'M THE PROUD OWNER 

1466
00:49:10,314 --> 00:49:13,016
OF A LEGENDARY BUSINESS IN 

1467
00:49:13,016 --> 00:49:13,550
SOUTHEAST SEATTLE CALLED 

1468
00:49:13,550 --> 00:49:15,018
PLATINUM PLUSH FASHIONS. EXCUSE 

1469
00:49:15,018 --> 00:49:17,120
ME. I'VE BEEN IN THE. LIKE I 

1470
00:49:17,120 --> 00:49:19,756
SAID, I'VE BEEN IN THE RAINIER 

1471
00:49:19,756 --> 00:49:21,958
VALLEY COMMUNITY FOR OVER 25 

1472
00:49:21,958 --> 00:49:26,196
YEARS, AND I JUST SIMPLY WANT TO

1473
00:49:26,196 --> 00:49:31,068
THANK OED JOY SHANTI FOR 

1474
00:49:31,068 --> 00:49:32,736
INVESTING IN A SMALL BUSINESS 

1475
00:49:32,736 --> 00:49:35,038
LIKE MINE THROUGH THE TENANT 

1476
00:49:35,038 --> 00:49:36,740
IMPROVEMENT FUND. MY OVERALL 

1477
00:49:36,740 --> 00:49:38,141
EXPERIENCE WITH THE PROGRAM WAS 

1478
00:49:38,141 --> 00:49:42,079
PRETTY POSITIVE. THE FINANCIAL 

1479
00:49:42,079 --> 00:49:43,113
ASSISTANCE THAT I RECEIVED WAS 

1480
00:49:43,113 --> 00:49:46,883
INVALUABLE, BUT WHAT REALLY MADE

1481
00:49:46,883 --> 00:49:48,852
THIS THIS JOURNEY, THE GREATEST 

1482
00:49:48,852 --> 00:49:50,921
IMPACT OF THIS JOURNEY RATHER, 

1483
00:49:50,921 --> 00:49:53,256
WAS THE GUIDANCE AND THE SUPPORT

1484
00:49:53,256 --> 00:49:55,225
THAT I RECEIVED FROM JAN. BUT 

1485
00:49:55,225 --> 00:49:58,328
ESPECIALLY I WANT TO HIGHLIGHT 

1486
00:49:58,328 --> 00:50:02,099
SHANTI BRZEZNO. SHE WAS JUST 

1487
00:50:02,099 --> 00:50:05,335
EXTREMELY INSTRUMENTAL IN 

1488
00:50:05,335 --> 00:50:07,771
HELPING ME NAVIGATE THROUGH THIS

1489
00:50:07,771 --> 00:50:09,973
TRICKERY. YOU KNOW, LONG TERM 

1490
00:50:09,973 --> 00:50:11,842
LEASE AGREEMENT. I WAS DEALING 

1491
00:50:11,842 --> 00:50:14,911
WITH A NEW MANAGEMENT COMPANY 

1492
00:50:14,911 --> 00:50:17,214
AND JUST HER KNOWLEDGE FROM THE 

1493
00:50:17,214 --> 00:50:20,250
BEGINNING TO THE END OF THAT 

1494
00:50:20,250 --> 00:50:23,353
PROCESS WAS I WAS JUST GRATEFUL 

1495
00:50:23,353 --> 00:50:27,557
FOR HER. I FELT EMPOWERED I FELT

1496
00:50:27,557 --> 00:50:30,761
STRONG IN ALL OF THIS. AND LIKE 

1497
00:50:30,761 --> 00:50:32,896
I SAID, THE ONLY CHALLENGING 

1498
00:50:32,896 --> 00:50:35,565
PART TO THIS WAS THE PROCESS OF 

1499
00:50:35,565 --> 00:50:37,701
NEGOTIATING THIS COMMERCIAL 

1500
00:50:37,701 --> 00:50:39,136
LEASE. SHANTI MENTIONED EARLIER 

1501
00:50:39,136 --> 00:50:41,872
THE TRIPLE NET. I KNEW NOTHING 

1502
00:50:41,872 --> 00:50:43,473
ABOUT TRIPLE NET AND THERE WAS 

1503
00:50:43,473 --> 00:50:46,276
JUST A PERSONAL SENSE FOR ME 

1504
00:50:46,276 --> 00:50:47,411
THAT THIS NEW MANAGEMENT COMPANY

1505
00:50:47,411 --> 00:50:48,712
WAS JUST GOING TO GO FOR THE 

1506
00:50:48,712 --> 00:50:53,116
JUGULAR. IF I HADN'T HAD SHANTI

1507
00:50:53,116 --> 00:50:54,618
AND HER EXPERTISE AND KNOWLEDGE 

1508
00:50:54,618 --> 00:50:57,854
IN, YOU KNOW NEGOTIATING 

1509
00:50:57,854 --> 00:50:58,488
COMMERCIAL LEASE AGREEMENTS, I 

1510
00:50:58,488 --> 00:51:00,724
FELT LIKE I REALLY WOULD HAVE 

1511
00:51:00,724 --> 00:51:03,360
GOTTEN THE SHORTER END OF THE 

1512
00:51:03,360 --> 00:51:05,762
STICK. SO SHOUT OUT TO SHANTI. I

1513
00:51:05,762 --> 00:51:07,531
SHE WAS REALLY MY ROCK 

1514
00:51:07,531 --> 00:51:09,766
THROUGHOUT THIS WHOLE, THIS 

1515
00:51:09,766 --> 00:51:12,803
WHOLE PROCESS. I WANT TO SAY 

1516
00:51:12,803 --> 00:51:18,909
THAT POST THE IMPROVEMENTS PRO 

1517
00:51:18,909 --> 00:51:20,544
THE ALLOCATION OF THE FUNDS THAT

1518
00:51:20,544 --> 00:51:23,380
I RECEIVED, THERE WASN'T REALLY

1519
00:51:23,380 --> 00:51:25,015
ANY WRAPAROUND SUPPORT OR 

1520
00:51:25,015 --> 00:51:26,416
SERVICES GOING INTO THE FUTURE 

1521
00:51:26,416 --> 00:51:31,354
FOR ME OR MY BUSINESS. I THAT I 

1522
00:51:31,354 --> 00:51:32,989
DIDN'T SEE THAT I DON'T FEEL 

1523
00:51:32,989 --> 00:51:35,125
LIKE ANYTHING WAS OFFERED AS FAR

1524
00:51:35,125 --> 00:51:37,828
AS ANY SUPPORT. SO IT'S ALMOST 

1525
00:51:37,828 --> 00:51:39,563
LIKE AS SOON AS THE PROJECT 

1526
00:51:39,563 --> 00:51:45,936
COMPLETED, IT WAS OVER. AND SO. 

1527
00:51:45,936 --> 00:51:47,804
AGAIN, I'M FOREVER GRATEFUL TO 

1528
00:51:47,804 --> 00:51:52,609
OED SHANTI GIN AND JUST THANK 

1529
00:51:52,609 --> 00:51:53,910
YOU FOR NAVIGATING THE PROCESS 

1530
00:51:53,910 --> 00:51:56,213
AS EASY AS IT WAS FOR ME. AND 

1531
00:51:56,213 --> 00:51:59,249
THAT'S ALL I HAVE TO SAY. THANK

1532
00:51:59,249 --> 00:51:59,449
YOU. 

1533
00:51:59,449 --> 00:52:01,852
-- THANK YOU SO MUCH FOR BEING 

1534
00:52:01,852 --> 00:52:03,954
HERE, NIKITA, AND FOR SHARING 

1535
00:52:03,954 --> 00:52:07,691
ABOUT THIS WORK MOVING NEXT TO 

1536
00:52:07,691 --> 00:52:08,358
GABRIEL. 

1537
00:52:08,358 --> 00:52:10,627
-- YEAH, I CAN JUMP IN. HI, 

1538
00:52:10,627 --> 00:52:13,497
EVERYONE. I, YOU KNOW, REALLY 

1539
00:52:13,497 --> 00:52:14,931
WANT TO ECHO WHAT, YOU KNOW, HAS

1540
00:52:14,931 --> 00:52:15,599
BEEN SAID ALREADY. BIG THANK YOU

1541
00:52:15,599 --> 00:52:19,436
TO OED BECAUSE THEY HAVE REALLY,

1542
00:52:19,436 --> 00:52:20,470
YOU KNOW, OVER THE YEARS THAT 

1543
00:52:20,470 --> 00:52:21,037
I'VE HAD THE PLEASURE OF 

1544
00:52:21,037 --> 00:52:23,240
WORKING WITH THEM, REALLY 

1545
00:52:23,240 --> 00:52:25,041
RESPONDED TO THE NEEDS AND THE 

1546
00:52:25,041 --> 00:52:27,277
REQUESTS AND THE EXPERIENCES OF 

1547
00:52:27,277 --> 00:52:28,612
SMALL BUSINESSES TO, YOU KNOW, 

1548
00:52:28,612 --> 00:52:29,813
WITH THE FOCUS ON MAKING SURE 

1549
00:52:29,813 --> 00:52:31,281
THAT THEY CAN REALLY FLOURISH 

1550
00:52:31,281 --> 00:52:32,482
AND SUSTAIN IN SEATTLE. SO I 

1551
00:52:32,482 --> 00:52:35,218
REALLY WANT TO GIVE A SHOUT OUT 

1552
00:52:35,218 --> 00:52:36,786
TO THAT. AND YOU KNOW, WHAT I'VE

1553
00:52:36,786 --> 00:52:38,088
SEEN WITH WORKING WITH SMALL 

1554
00:52:38,088 --> 00:52:40,090
BUSINESSES AS THEY NAVIGATE 

1555
00:52:40,090 --> 00:52:41,224
THEIR COMMERCIAL LEASES IS 

1556
00:52:41,224 --> 00:52:42,425
REALLY THE IDEA THAT YOU DON'T 

1557
00:52:42,425 --> 00:52:45,662
KNOW WHAT YOU DON'T KNOW. AND 

1558
00:52:45,662 --> 00:52:46,296
OFTENTIMES, YOU KNOW, WHEN YOU 

1559
00:52:46,296 --> 00:52:48,431
GO INTO A LISA LISA AGREEMENT, 

1560
00:52:48,431 --> 00:52:50,567
THERE IS A POWER, A POWER 

1561
00:52:50,567 --> 00:52:52,802
DYNAMIC WHERE YOU'RE OFTEN 

1562
00:52:52,802 --> 00:52:53,970
WORKING WITH A LEASING COMPANY 

1563
00:52:53,970 --> 00:52:55,071
THAT KNOWS WHAT THEY'RE DOING. 

1564
00:52:55,071 --> 00:52:57,073
THEY'VE DONE THIS BEFORE. AND 

1565
00:52:57,073 --> 00:52:59,276
AS A SMALL BUSINESS OWNER, YOUR 

1566
00:52:59,276 --> 00:53:00,844
MIND IS IN A MILLION DIFFERENT 

1567
00:53:00,844 --> 00:53:02,879
DIRECTIONS. YOU'RE THINKING 

1568
00:53:02,879 --> 00:53:04,848
ABOUT A MILLION DIFFERENT ZONING

1569
00:53:04,848 --> 00:53:06,483
CODES. AND, YOU KNOW YOUR 

1570
00:53:06,483 --> 00:53:07,951
PRODUCT, HOW YOU'RE GOING TO GET

1571
00:53:07,951 --> 00:53:08,718
YOUR PRODUCT AND YOUR SUPPLIERS 

1572
00:53:08,718 --> 00:53:10,654
AND ALL OF THE DIFFERENT THINGS.

1573
00:53:10,654 --> 00:53:14,858
AND SO AS YOU'RE ENTERING INTO 

1574
00:53:14,858 --> 00:53:16,393
A LEASE NEGOTIATION, YOU KNOW, 

1575
00:53:16,393 --> 00:53:18,395
YOU MIGHT NOT KNOW WHAT 

1576
00:53:18,395 --> 00:53:20,030
QUESTIONS TO ASK OR WHAT TYPE OF

1577
00:53:20,030 --> 00:53:20,897
INFORMATION YOU REALLY NEED IN 

1578
00:53:20,897 --> 00:53:22,365
ORDER TO BE ABLE TO MAKE AN 

1579
00:53:22,365 --> 00:53:24,834
EDUCATED DECISION ON THAT 

1580
00:53:24,834 --> 00:53:28,138
SPECIFIC LOCATION. I SUPPORTED 

1581
00:53:28,138 --> 00:53:29,839
AN INDIVIDUAL WHO WAS TRYING TO 

1582
00:53:29,839 --> 00:53:32,108
MOVE THEIR TATTOO PARLOR, AND 

1583
00:53:32,108 --> 00:53:33,410
THIS SMALL BUSINESS OWNER IS 

1584
00:53:33,410 --> 00:53:35,178
FANTASTIC AT HIS JOB. HE'S HAD 

1585
00:53:35,178 --> 00:53:36,446
A VERY SUCCESSFUL SMALL BUSINESS

1586
00:53:36,446 --> 00:53:37,881
IN HIS CURRENT LOCATION. BUT 

1587
00:53:37,881 --> 00:53:41,451
WHILE TALKING ABOUT HIS 

1588
00:53:41,451 --> 00:53:42,185
NEGOTIATING HIS NEW LEASE FOR 

1589
00:53:42,185 --> 00:53:42,819
THE NEW LOCATION, HE DIDN'T 

1590
00:53:42,819 --> 00:53:46,156
KNOW, YOU KNOW, TO ASK ABOUT, 

1591
00:53:46,156 --> 00:53:48,758
YOU KNOW, THE, THE TRIPLE, FOR 

1592
00:53:48,758 --> 00:53:50,093
EXAMPLE, OR WHAT THOSE WERE. AND

1593
00:53:50,093 --> 00:53:52,329
SO HAVING AN UNDERSTANDING TO 

1594
00:53:52,329 --> 00:53:54,731
HELP SMALL BUSINESSES PLAN TO 

1595
00:53:54,731 --> 00:53:55,565
KNOW KIND OF WHAT THE TRIPLE 

1596
00:53:55,565 --> 00:53:56,366
NETS HAVE BEEN IN THE PAST AND 

1597
00:53:56,366 --> 00:53:57,367
WHAT THEY WHAT A POTENTIAL 

1598
00:53:57,367 --> 00:53:58,835
ESTIMATE COULD BE IN THE FUTURE,

1599
00:53:58,835 --> 00:54:00,136
YOU KNOW, I THINK WOULD BE ABLE 

1600
00:54:00,136 --> 00:54:02,706
TO HELP THEM TO REALLY BE ABLE 

1601
00:54:02,706 --> 00:54:03,940
TO NAVIGATE THEIR NEXT FEW YEARS

1602
00:54:03,940 --> 00:54:06,142
IN BUSINESS, WHICH ARE ESSENTIAL

1603
00:54:06,142 --> 00:54:07,978
YEARS AS THEY, YOU KNOW, GET UP 

1604
00:54:07,978 --> 00:54:09,546
AS THEY DEVELOP THEIR WINGS AND 

1605
00:54:09,546 --> 00:54:13,483
THEIR CONSUMER BASE, ET CETERA. 

1606
00:54:13,483 --> 00:54:15,685
AND SO, YOU KNOW, IT'S, IT'S 

1607
00:54:15,685 --> 00:54:17,420
REALLY ABOUT KIND OF ELIMINATING

1608
00:54:17,420 --> 00:54:19,389
SURPRISES AND LETTING FOLKS KNOW

1609
00:54:19,389 --> 00:54:20,557
EXACTLY WHAT THEY'RE SIGNING 

1610
00:54:20,557 --> 00:54:22,726
INTO. SO ANOTHER PIECE IS THIS 

1611
00:54:22,726 --> 00:54:25,195
INDIVIDUAL, YOU KNOW, DIDN'T 

1612
00:54:25,195 --> 00:54:27,264
KNOW WHETHER THE LOCATION WAS 

1613
00:54:27,264 --> 00:54:28,598
PROPERLY ZONED OR NOT FOR A 

1614
00:54:28,598 --> 00:54:32,035
TATTOO PARLOR AND SO, OR HOW TO 

1615
00:54:32,035 --> 00:54:33,937
GET THAT INFORMATION ABOUT ITS 

1616
00:54:33,937 --> 00:54:36,106
CURRENT ZONING APPLICATION. AND 

1617
00:54:36,106 --> 00:54:38,141
SO IF YOU SIGN A LEASE WITHOUT 

1618
00:54:38,141 --> 00:54:39,275
KNOWING THAT OFTENTIMES, YOU 

1619
00:54:39,275 --> 00:54:40,910
KNOW, AFTERWARDS YOU FIND OUT 

1620
00:54:40,910 --> 00:54:42,479
THAT IT IS NOT PERMITTED, AND 

1621
00:54:42,479 --> 00:54:43,880
THEN YOU HAVE TO SPEND SIX 

1622
00:54:43,880 --> 00:54:45,081
MONTHS TRYING TO GET THAT 

1623
00:54:45,081 --> 00:54:47,350
PERMIT, WHICH IS SIX MONTHS OF 

1624
00:54:47,350 --> 00:54:48,752
WAITING AND PAYING RENT ON A 

1625
00:54:48,752 --> 00:54:49,919
LOCATION THAT YOU WERE EXPECTING

1626
00:54:49,919 --> 00:54:52,789
TO OPEN UP WITHIN A MONTH OR 

1627
00:54:52,789 --> 00:54:54,858
TWO. AND AS THESE KIND OF ISSUES

1628
00:54:54,858 --> 00:54:57,260
PILE AND PILE AND MAKES IT MUCH 

1629
00:54:57,260 --> 00:54:59,629
MORE DIFFICULT FOR THOSE 

1630
00:54:59,629 --> 00:55:01,898
BUSINESSES TO SUSTAIN IN THE 

1631
00:55:01,898 --> 00:55:05,235
YEARS TO FOLLOW AND SO, YOU 

1632
00:55:05,235 --> 00:55:06,302
KNOW, I THINK THAT THERE, THERE 

1633
00:55:06,302 --> 00:55:08,104
CAN BE IMPROVEMENTS MADE IN 

1634
00:55:08,104 --> 00:55:10,774
TERMS OF CREATING KIND OF A LIST

1635
00:55:10,774 --> 00:55:12,342
OF, YOU KNOW, WHAT ARE SOME 

1636
00:55:12,342 --> 00:55:14,544
ISSUES THAT ARE COMMON FOR, FOR 

1637
00:55:14,544 --> 00:55:16,713
NEW TENANTS TO CONSIDER AS THEY 

1638
00:55:16,713 --> 00:55:18,882
ENTER THOSE NEGOTIATIONS? 

1639
00:55:18,882 --> 00:55:21,351
OFTENTIMES PEOPLE DON'T HAVE THE

1640
00:55:21,351 --> 00:55:22,218
FINANCIAL CAPACITY TO WORK WITH 

1641
00:55:22,218 --> 00:55:24,554
A BROKER. AND SO THEY'RE OFTEN 

1642
00:55:24,554 --> 00:55:25,955
ENTERING INTO THESE 

1643
00:55:25,955 --> 00:55:27,924
CONVERSATIONS ON THEIR OWN. AND 

1644
00:55:27,924 --> 00:55:29,626
SO, YOU KNOW, I THINK ADDITIONAL

1645
00:55:29,626 --> 00:55:30,627
PROGRAMING AND SUPPORT FROM THE 

1646
00:55:30,627 --> 00:55:32,162
CITY COULD BE REALLY VALUABLE IN

1647
00:55:32,162 --> 00:55:33,363
EQUIPPING THOSE FOLKS WITH THE 

1648
00:55:33,363 --> 00:55:35,065
TOOLS THAT THEY NEED IN ORDER TO

1649
00:55:35,065 --> 00:55:37,100
FEEL CONFIDENT IN THOSE 

1650
00:55:37,100 --> 00:55:37,934
DISCUSSIONS. AND, YOU KNOW, A 

1651
00:55:37,934 --> 00:55:41,538
LIST OF QUESTIONS. FOR EXAMPLE, 

1652
00:55:41,538 --> 00:55:42,439
IF YOU KNOW YOUR LEASE SAYS THAT

1653
00:55:42,439 --> 00:55:44,974
YOU NEED THAT IT IS YOUR 

1654
00:55:44,974 --> 00:55:46,109
RESPONSIBILITY TO TAKE CARE OF 

1655
00:55:46,109 --> 00:55:49,179
HVAC SYSTEMS OR, YOU KNOW, 

1656
00:55:49,179 --> 00:55:50,847
DIFFERENT SYSTEMS WITHIN YOUR, 

1657
00:55:50,847 --> 00:55:53,049
YOUR BUSINESS, YOU KNOW, ASKING 

1658
00:55:53,049 --> 00:55:54,818
ABOUT THE STATUS OF THOSE, HOW 

1659
00:55:54,818 --> 00:55:55,552
ARE THEY CURRENTLY? AM I GOING 

1660
00:55:55,552 --> 00:55:57,153
TO HAVE TO REPLACE MY HVAC IN 

1661
00:55:57,153 --> 00:55:58,588
THE NEXT YEAR? BECAUSE THAT'S 

1662
00:55:58,588 --> 00:55:59,756
SOMETHING I WOULD NEED TO KNOW 

1663
00:55:59,756 --> 00:56:00,757
AS A SMALL BUSINESS, BUT MIGHT 

1664
00:56:00,757 --> 00:56:02,358
NOT NECESSARILY THINK TO ASK 

1665
00:56:02,358 --> 00:56:06,763
WHILE YOU'RE IN THE MIDDLE OF 

1666
00:56:06,763 --> 00:56:07,364
THOSE CONVERSATIONS. SO, YOU 

1667
00:56:07,364 --> 00:56:09,132
KNOW, I THINK HAVING SOME KIND 

1668
00:56:09,132 --> 00:56:13,036
OF SOME, SOME EASY, THERE'S SOME

1669
00:56:13,036 --> 00:56:14,104
EASY FIXES AND EASY PIECES OF 

1670
00:56:14,104 --> 00:56:15,171
IDEAS TO KIND OF EMPOWER FOLKS 

1671
00:56:15,171 --> 00:56:18,041
TO BE ABLE TO, TO KNOW WHAT 

1672
00:56:18,041 --> 00:56:19,743
THEY'RE DOING. AND THEN, YOU 

1673
00:56:19,743 --> 00:56:21,578
KNOW, I THINK THIS WOULD ALSO 

1674
00:56:21,578 --> 00:56:24,681
JUST KIND OF BUILD ONTO THE WORK

1675
00:56:24,681 --> 00:56:26,683
THAT WE'RE CURRENTLY DOING TO 

1676
00:56:26,683 --> 00:56:27,283
SUPPORT THE OVERALL FINANCIAL 

1677
00:56:27,283 --> 00:56:29,753
ISSUES AND CHALLENGES ASSOCIATED

1678
00:56:29,753 --> 00:56:30,954
WITH OPENING A SMALL BUSINESS, 

1679
00:56:30,954 --> 00:56:33,490
WHETHER IT BE, YOU KNOW, 

1680
00:56:33,490 --> 00:56:34,791
PERMITTING AND REGULATORY 

1681
00:56:34,791 --> 00:56:36,526
ISSUES, BUT ALSO JUST THE 

1682
00:56:36,526 --> 00:56:38,595
AFFORDABILITY CRISIS IS REALLY 

1683
00:56:38,595 --> 00:56:39,195
IMPACTING EVERYONE, INCLUDING 

1684
00:56:39,195 --> 00:56:42,632
OUR SMALL BUSINESSES AS WELL. SO

1685
00:56:42,632 --> 00:56:44,367
WHILE FOLKS ARE NEGOTIATING FOR 

1686
00:56:44,367 --> 00:56:45,835
THE BEST LEASE AGREEMENT THEY 

1687
00:56:45,835 --> 00:56:47,737
CAN GET, THEY'RE ALSO HAVING TO

1688
00:56:47,737 --> 00:56:50,006
NAVIGATE INSURANCE. CAN THEY GET

1689
00:56:50,006 --> 00:56:51,174
APPROPRIATE AND COSTLY INSURANCE

1690
00:56:51,174 --> 00:56:52,609
IN THEIR AREA? THERE ARE SOME 

1691
00:56:52,609 --> 00:56:54,444
PARTS OF THE CITY IN WHICH A 

1692
00:56:54,444 --> 00:56:55,578
SMALL BUSINESS, DEPENDING ON 

1693
00:56:55,578 --> 00:56:57,680
THEIR INDUSTRY, CANNOT GET 

1694
00:56:57,680 --> 00:56:59,449
INSURED. AND SO THESE ARE ISSUES

1695
00:56:59,449 --> 00:57:02,452
THAT FOLKS NEED TO FIGURE OUT 

1696
00:57:02,452 --> 00:57:03,019
BEFORE OBVIOUSLY, SIGNING A 

1697
00:57:03,019 --> 00:57:06,556
LEASE IN THAT LOCATION. AND, YOU

1698
00:57:06,556 --> 00:57:08,425
KNOW, ALL THESE PIECES KIND OF 

1699
00:57:08,425 --> 00:57:11,127
COME TOGETHER TO DEVELOP THE 

1700
00:57:11,127 --> 00:57:11,761
ECOSYSTEM OF A NEIGHBORHOOD AS 

1701
00:57:11,761 --> 00:57:12,962
WELL. YOU KNOW, IF WE'RE 

1702
00:57:12,962 --> 00:57:14,230
THINKING ABOUT WHAT ARE THE 

1703
00:57:14,230 --> 00:57:16,499
TYPES OF BUSINESSES THAT WE WANT

1704
00:57:16,499 --> 00:57:17,834
TO TO OPEN, AND OBVIOUSLY IT 

1705
00:57:17,834 --> 00:57:20,436
TAKES ALL KINDS. WE, WE WELCOME 

1706
00:57:20,436 --> 00:57:22,772
EVERYONE. BUT, YOU KNOW, SMALL 

1707
00:57:22,772 --> 00:57:24,474
BUSINESSES THAT COME FROM AND 

1708
00:57:24,474 --> 00:57:26,743
ARE REPRESENTATIVE OF THE 

1709
00:57:26,743 --> 00:57:27,811
COMMUNITY ARE THE ONES YOU OFTEN

1710
00:57:27,811 --> 00:57:29,112
SEE THEM, YOU KNOW, GIVING BACK 

1711
00:57:29,112 --> 00:57:32,248
IN TERMS OF CREATING SPACES FOR 

1712
00:57:32,248 --> 00:57:34,417
FOLKS TO COME IN, CREATING 

1713
00:57:34,417 --> 00:57:35,018
ACTIVITIES, PARTICIPATING IN 

1714
00:57:35,018 --> 00:57:36,920
COMMUNITY ART WALKS, THINGS LIKE

1715
00:57:36,920 --> 00:57:39,122
THAT. AND THOSE ARE THE TYPES OF

1716
00:57:39,122 --> 00:57:39,823
RELATIONSHIPS WE REALLY WANT TO 

1717
00:57:39,823 --> 00:57:42,659
CREATE AND THAT REALLY CREATE A 

1718
00:57:42,659 --> 00:57:45,695
SUSTAINABLE LONG TERM VISION 

1719
00:57:45,695 --> 00:57:48,097
FOR, FOR A LOCAL ECONOMY, FOR A 

1720
00:57:48,097 --> 00:57:50,633
NEIGHBORHOOD. AND I THINK THIS 

1721
00:57:50,633 --> 00:57:53,369
TYPE OF THIS TYPE OF WORK IS 

1722
00:57:53,369 --> 00:57:55,505
REALLY NEEDED TO KIND OF UPHOLD 

1723
00:57:55,505 --> 00:57:57,273
THAT PILLAR AND REALLY SUPPORT 

1724
00:57:57,273 --> 00:57:59,442
THAT ONGOING SUSTAINABILITY. 

1725
00:57:59,442 --> 00:58:01,511
SPECIFICALLY WITH THOSE, THOSE, 

1726
00:58:01,511 --> 00:58:03,112
THOSE POWER DYNAMICS THAT EXIST 

1727
00:58:03,112 --> 00:58:08,485
WITH SMALL, SMALL BUSINESSES AND

1728
00:58:08,485 --> 00:58:15,525
POTENTIAL LANDLORDS. 

1729
00:58:15,525 --> 00:58:17,360
-- AS A SMALL BUSINESS OWNER, 

1730
00:58:17,360 --> 00:58:18,328
WHEN WE NEGOTIATE A COMMERCIAL 

1731
00:58:18,328 --> 00:58:20,296
LEASE, RIGHT? WE DON'T HAVE A 

1732
00:58:20,296 --> 00:58:22,031
LONG TERM LAWYER. SO WHEN WE SEE

1733
00:58:22,031 --> 00:58:26,135
LIKE 50 PAGES LEASES, WE FEEL 

1734
00:58:26,135 --> 00:58:28,238
LIKE REALLY OVERWHELMING, RIGHT?

1735
00:58:28,238 --> 00:58:30,940
SO WITH THE COMMERCIAL LEASE 

1736
00:58:30,940 --> 00:58:31,608
PROGRAMING, SO THEY'RE GOING TO

1737
00:58:31,608 --> 00:58:33,843
LET ME KNOW WHAT EXACTLY I'M 

1738
00:58:33,843 --> 00:58:35,578
SIGNING FOR. WHAT'S THE TRAP? 

1739
00:58:35,578 --> 00:58:38,548
WHAT, WHAT SHOULD I LOOKING FOR?

1740
00:58:38,548 --> 00:58:39,649
BUT EVEN EVERYBODY TOLD YOU, OH,

1741
00:58:39,649 --> 00:58:42,652
YOU TRY NOT TO PUT YOUR PERSONAL

1742
00:58:42,652 --> 00:58:45,889
GRANTOR INTO THE LEASE. BUT IN 

1743
00:58:45,889 --> 00:58:46,856
REALITY IT'S NOT REALLY 

1744
00:58:46,856 --> 00:58:52,161
POSSIBLE. RIGHT? THE LANDLORD 

1745
00:58:52,161 --> 00:58:55,131
DON'T ALLOW. AND, AND OUR FIRST

1746
00:58:55,131 --> 00:58:56,966
SHOP IS IN CAPITOL HILL HARBOR 

1747
00:58:56,966 --> 00:58:59,836
MARKET. SO AS TEN YEARS AGO, 

1748
00:58:59,836 --> 00:59:01,704
IT'S REALLY LIKE HAPPENED IN 

1749
00:59:01,704 --> 00:59:04,941
PLACE. SO ALL THE BUSINESS, ALL 

1750
00:59:04,941 --> 00:59:07,010
THE UNITS HAVE OCCUPIED. BUT 

1751
00:59:07,010 --> 00:59:09,012
AFTER COVID, THERE'S MORE AND 

1752
00:59:09,012 --> 00:59:11,781
MORE VACANCY. SO THE TRIPLE NET 

1753
00:59:11,781 --> 00:59:15,351
IS ISSUE, RIGHT? SO BECAUSE THE,

1754
00:59:15,351 --> 00:59:16,719
THE LANDLORDS HAVE MORE 

1755
00:59:16,719 --> 00:59:18,288
INSURANCE, THEY HAVE MORE TAX, 

1756
00:59:18,288 --> 00:59:21,157
THEY ALL PASS THROUGH AND WITH 

1757
00:59:21,157 --> 00:59:23,927
LESS TENANTS TO SHARE THE TRIPLE

1758
00:59:23,927 --> 00:59:26,729
NET, YOU GET HIGHER. SO FOR 

1759
00:59:26,729 --> 00:59:28,665
EXAMPLE, MY TRIPLE NET IS ALMOST

1760
00:59:28,665 --> 00:59:31,601
MORE THAN THE BASE RIGHT. SO 

1761
00:59:31,601 --> 00:59:32,835
THAT'S THE DIFFICULTY, RIGHT. 

1762
00:59:32,835 --> 00:59:38,207
SO IF WE CAN CREATE SOME PROGRAM

1763
00:59:38,207 --> 00:59:41,444
TO LET MORE SMALL BUSINESS ENTER

1764
00:59:41,444 --> 00:59:43,479
THE VACANCY INTO THE PLAZA, THEY

1765
00:59:43,479 --> 00:59:48,785
CAN KEEP EVERYTHING DOWN. RIGHT.

1766
00:59:48,785 --> 00:59:50,586
I UNDERSTAND AS A LANDLORD, THEY

1767
00:59:50,586 --> 00:59:51,654
ALSO AFRAID, RIGHT. THEY TAKE A 

1768
00:59:51,654 --> 00:59:53,222
LOT OF RISKS, LIKE AFRAID YOU 

1769
00:59:53,222 --> 00:59:56,259
COME IN AND DO SOMETHING. 

1770
00:59:56,259 --> 00:59:59,729
THAT'S WHY THE BARRIER TO ENTRY

1771
00:59:59,729 --> 01:00:01,931
IS SO HIGH. SO IF WITH THIS 

1772
01:00:01,931 --> 01:00:03,366
PROGRAM, A LOT MORE SMALL 

1773
01:00:03,366 --> 01:00:07,203
BUSINESS, THEY CAN ENTER, THEY 

1774
01:00:07,203 --> 01:00:08,972
CAN STAY. SO EVERYBODY CAN SHARE

1775
01:00:08,972 --> 01:00:12,875
SOME THEIR PAY, THEIR SHARE, AND

1776
01:00:12,875 --> 01:00:14,410
THE WHOLE ECO SYSTEM IS GOING TO

1777
01:00:14,410 --> 01:00:16,012
BE BETTER BECAUSE WHEN CUSTOMERS

1778
01:00:16,012 --> 01:00:18,881
COME TO THIS PLAZA, THEY FEEL, 

1779
01:00:18,881 --> 01:00:19,949
OH, IT'S HAPPENING, RIGHT? 

1780
01:00:19,949 --> 01:00:23,419
IT'S ALL, IT'S ALL DIFFERENT 

1781
01:00:23,419 --> 01:00:25,755
BUSINESS. BUT RIGHT NOW IT'S A 

1782
01:00:25,755 --> 01:00:26,689
LOT IS EMPTY. 

1783
01:00:26,689 --> 01:00:28,024
-- SO THEY FEEL LIKE, WHAT'S 

1784
01:00:28,024 --> 01:00:30,860
GOING ON, RIGHT? YEAH, THAT'S 

1785
01:00:30,860 --> 01:00:34,197
HOW I FEEL. EVEN LET ME SEE MY 

1786
01:00:34,197 --> 01:00:38,968
NOTE. YEAH. THAT'S OUR THOUGHT 

1787
01:00:38,968 --> 01:00:40,403
ABOUT THIS. WE HAVE LIKE A 

1788
01:00:40,403 --> 01:00:45,875
TRIPLE NET. YEAH. YES. 

1789
01:00:45,875 --> 01:00:47,477
-- THANK YOU FOR BRINGING. 

1790
01:00:47,477 --> 01:00:49,412
-- UP SOME OF THE CHALLENGES 

1791
01:00:49,412 --> 01:00:51,180
ACROSS AREAS FROM TRIPLE NET 

1792
01:00:51,180 --> 01:00:52,482
PERSONAL GUARANTEE AND 

1793
01:00:52,482 --> 01:00:53,850
PERMITTING ISSUES. A LOT TO 

1794
01:00:53,850 --> 01:00:55,018
UNPACK HERE. COLLEAGUES, I WANT 

1795
01:00:55,018 --> 01:00:56,252
TO TURN IT NEXT TO YOU FOR 

1796
01:00:56,252 --> 01:00:59,322
QUESTIONS YOU HAVE FOR OUR 

1797
01:00:59,322 --> 01:00:59,622
PANELISTS. 

1798
01:00:59,622 --> 01:01:01,324
-- MADAM CHAIR. 

1799
01:01:01,324 --> 01:01:04,327
-- COUNCILMEMBER JUAREZ. 

1800
01:01:04,327 --> 01:01:05,428
-- THANK YOU. I APOLOGIZE FOR 

1801
01:01:05,428 --> 01:01:07,296
NOT USING THE LITTLE HAND ON THE

1802
01:01:07,296 --> 01:01:08,297
THING, BUT I'M JUST GOING TO 

1803
01:01:08,297 --> 01:01:08,898
RAISE MY HANDS BECAUSE I KNOW 

1804
01:01:08,898 --> 01:01:12,668
YOU CAN SEE ME. FIRST OF ALL, 

1805
01:01:12,668 --> 01:01:13,436
THANK YOU, COUNCIL. THANK YOU, 

1806
01:01:13,436 --> 01:01:15,004
MADAM CHAIR, FOR PUTTING 

1807
01:01:15,004 --> 01:01:16,539
TOGETHER A REALLY GOOD PANEL. 

1808
01:01:16,539 --> 01:01:18,808
AND MY APOLOGIES FOR NOT BEING 

1809
01:01:18,808 --> 01:01:20,643
THERE AND NOT KNOWING THAT OUR 

1810
01:01:20,643 --> 01:01:22,478
WONDERFUL GROUP, OUR AI AND AND 

1811
01:01:22,478 --> 01:01:23,880
FATIMA WERE GOING TO BE THERE. 

1812
01:01:23,880 --> 01:01:26,082
AS YOU KNOW, WE HAVE A LONG 

1813
01:01:26,082 --> 01:01:27,850
HISTORY WITH OUR AI GOING BACK 

1814
01:01:27,850 --> 01:01:30,286
NINE, TEN YEARS. AND THANK YOU, 

1815
01:01:30,286 --> 01:01:31,721
MADAM CHAIR, FOR HAVING AN 

1816
01:01:31,721 --> 01:01:32,755
OPPORTUNITY TO TALK TO THEM AND 

1817
01:01:32,755 --> 01:01:34,157
HOPEFULLY HAVE THEM BACK AGAIN 

1818
01:01:34,157 --> 01:01:35,758
FOR MORE IN DEPTH, BECAUSE I 

1819
01:01:35,758 --> 01:01:38,327
THINK THEY'RE A TEXTBOOK 

1820
01:01:38,327 --> 01:01:41,464
EXAMPLE OF JUST LIKE NORTH 

1821
01:01:41,464 --> 01:01:43,399
HELPLINE LAKE CITY TOGETHER, 

1822
01:01:43,399 --> 01:01:43,866
SOME OF THESE SMALLER 

1823
01:01:43,866 --> 01:01:45,435
BUSINESSES, COYOTE NORTH 

1824
01:01:45,435 --> 01:01:47,136
INCUBATOR BUSINESSES. BUT WHAT I

1825
01:01:47,136 --> 01:01:48,738
LOVED ABOUT YOUR PANEL FROM 

1826
01:01:48,738 --> 01:01:50,039
NIKITA AND GABRIEL AND HOPEFULLY

1827
01:01:50,039 --> 01:01:51,140
I'M, I'M SAYING THIS NAME 

1828
01:01:51,140 --> 01:01:55,978
RIGHT? IS THAT JACKSON JACKSON 

1829
01:01:55,978 --> 01:01:58,314
WANG. YES. OKAY. I'M SORRY. I 

1830
01:01:58,314 --> 01:01:58,948
WAS JUST LOOKING AT I WAS TRYING

1831
01:01:58,948 --> 01:01:59,982
TO MAKE SURE I SAID IT CORRECTLY

1832
01:01:59,982 --> 01:02:01,551
AND SHANTI'S ASSISTANCE BECAUSE.

1833
01:02:01,551 --> 01:02:02,685
AND YOU YOU MENTIONED THIS, 

1834
01:02:02,685 --> 01:02:06,255
MADAM CHAIR. I UNDERSTOOD ABOUT 

1835
01:02:06,255 --> 01:02:09,092
THE BIA'S AND THE BASE RENTS 

1836
01:02:09,092 --> 01:02:10,493
AND THE FRUSTRATION WITH 

1837
01:02:10,493 --> 01:02:12,595
PERMITTING, WITH SDCI, 

1838
01:02:12,595 --> 01:02:13,096
PARTICULARLY WITH SMALL 

1839
01:02:13,096 --> 01:02:15,231
BUSINESSES AND STOREFRONT 

1840
01:02:15,231 --> 01:02:18,101
PLACES. BUT I WASN'T AWARE OF 

1841
01:02:18,101 --> 01:02:19,836
HOW DIFFICULT IT WAS ON THE 

1842
01:02:19,836 --> 01:02:21,037
WHOLE TRIPLE NET THING. I 

1843
01:02:21,037 --> 01:02:23,306
DIDN'T KNOW THAT. SO I LEARNED 

1844
01:02:23,306 --> 01:02:25,007
A LOT TODAY, AND I WANT TO THANK

1845
01:02:25,007 --> 01:02:27,910
YOU FOR THAT. AND PARTICULARLY 

1846
01:02:27,910 --> 01:02:29,979
HOW MUCH MORE CHALLENGING AND 

1847
01:02:29,979 --> 01:02:31,647
DIFFICULT IT GOT POST COVID, 

1848
01:02:31,647 --> 01:02:33,916
WITH MORE VACANCIES. AND I JUST 

1849
01:02:33,916 --> 01:02:36,486
WISH WE HAD MORE SHANTI'S TO 

1850
01:02:36,486 --> 01:02:38,588
WALK SMALL BUSINESSES THROUGH 

1851
01:02:38,588 --> 01:02:40,423
ALL THESE DIFFICULT. AND BEING A

1852
01:02:40,423 --> 01:02:42,925
LAWYER MYSELF AND ALSO BEING 

1853
01:02:42,925 --> 01:02:43,626
MARRIED TO A PERSON WHO'S AN 

1854
01:02:43,626 --> 01:02:44,494
ARTIST AND A SMALL BUSINESS 

1855
01:02:44,494 --> 01:02:46,562
OWNER, I KNOW THAT IT'S 

1856
01:02:46,562 --> 01:02:47,897
CHALLENGING WITH CITY. AND SO 

1857
01:02:47,897 --> 01:02:50,600
WHEN I WAS LISTENING TO GABRIEL 

1858
01:02:50,600 --> 01:02:52,101
TALK ABOUT WHAT ARE EASY FIXES, 

1859
01:02:52,101 --> 01:02:53,436
MADAM CHAIR, I'M JUST GOING TO 

1860
01:02:53,436 --> 01:02:54,270
LOOK TO YOUR LEADERSHIP. I KNOW 

1861
01:02:54,270 --> 01:02:57,373
THAT WE CAN TRY TO STREAMLINE 

1862
01:02:57,373 --> 01:02:58,808
THINGS. THE PERMITTING AND AND 

1863
01:02:58,808 --> 01:03:00,176
MAYBE HAVE MORE WORKSHOPS FOR 

1864
01:03:00,176 --> 01:03:00,777
SMALL BUSINESSES. BUT I ALSO 

1865
01:03:00,777 --> 01:03:05,214
KNOW THAT OUR NEW OED DIRECTOR 

1866
01:03:05,214 --> 01:03:07,817
BETO, KNOWS HOW TO WITH WORKING 

1867
01:03:07,817 --> 01:03:08,451
WITH SMALL BUSINESS ASSOCIATION,

1868
01:03:08,451 --> 01:03:10,486
KNOWS HOW TO STREAMLINE TO GET 

1869
01:03:10,486 --> 01:03:11,487
SMALLER BUSINESSES IN THE 

1870
01:03:11,487 --> 01:03:13,623
PIPELINE, TO GET THEM UP AND 

1871
01:03:13,623 --> 01:03:15,024
GOING IN BRICK AND MORTAR. AND 

1872
01:03:15,024 --> 01:03:18,060
THAT'S BEEN A BIG IT'S BEEN A 

1873
01:03:18,060 --> 01:03:20,263
BIG HOW DO I SAY THIS? THAT IS 

1874
01:03:20,263 --> 01:03:21,330
SOMETHING THAT I'VE BEEN DOING 

1875
01:03:21,330 --> 01:03:22,598
AS A LAWYER FOR ALMOST 40 YEARS 

1876
01:03:22,598 --> 01:03:24,834
IN INDIAN COUNTRY AND RURAL 

1877
01:03:24,834 --> 01:03:28,538
COMMUNITIES AND CITIES IS TAKEN 

1878
01:03:28,538 --> 01:03:30,373
AN IDEA TO FRUITION FROM 

1879
01:03:30,373 --> 01:03:31,007
INCLUDING CLIMATE PLEDGE ARENA, 

1880
01:03:31,007 --> 01:03:32,141
WHICH IS A BIG THING, BUT ALSO A

1881
01:03:32,141 --> 01:03:33,442
LITTLE THING. LIKE WHEN WE 

1882
01:03:33,442 --> 01:03:35,011
BROUGHT COYOTE NORTH UP NORTH, 

1883
01:03:35,011 --> 01:03:37,280
WHEN WE WORKED WITH OUR AI, WHEN

1884
01:03:37,280 --> 01:03:38,848
WE WORKED WITH REWA. SO I WANT 

1885
01:03:38,848 --> 01:03:41,951
TO THANK YOU, MADAM CHAIR, FOR 

1886
01:03:41,951 --> 01:03:43,052
PUTTING TOGETHER THIS ROUNDTABLE

1887
01:03:43,052 --> 01:03:44,453
SO WE CAN KEEP COMING BACK TO 

1888
01:03:44,453 --> 01:03:46,455
THIS ISSUE ABOUT SMALL 

1889
01:03:46,455 --> 01:03:48,090
BUSINESSES AND THE OBSTACLES AND

1890
01:03:48,090 --> 01:03:49,225
CHALLENGES THEY FACE, AND HOW WE

1891
01:03:49,225 --> 01:03:51,794
CAN MAKE IT EASIER AND 

1892
01:03:51,794 --> 01:03:53,362
SUSTAINABLE FOR THEM TO STAY IN 

1893
01:03:53,362 --> 01:03:54,730
OUR CITY. AND ACTUALLY, AS YOU 

1894
01:03:54,730 --> 01:03:56,833
KNOW, THEY'RE THE BACKBONE OF 

1895
01:03:56,833 --> 01:03:58,968
WHAT? OF CREATIVITY. THEY'RE THE

1896
01:03:58,968 --> 01:04:03,940
BACKBONE OF ENTREPRENEURSHIP AND

1897
01:04:03,940 --> 01:04:04,941
JUST NAVIGATING THE BANK SCENE 

1898
01:04:04,941 --> 01:04:06,809
ALONE. I KNOW THAT THERE'S A 

1899
01:04:06,809 --> 01:04:08,844
PROGRAM AND I'LL I'LL END HERE

1900
01:04:08,844 --> 01:04:10,413
JUST BECAUSE I JUST WANT TO 

1901
01:04:10,413 --> 01:04:12,315
SHARE THIS PIECE BROUGHT BACK 

1902
01:04:12,315 --> 01:04:14,383
SOME, SOME TRIGGERING HERE 

1903
01:04:14,383 --> 01:04:15,518
WORKING WITH SMALL BUSINESS 

1904
01:04:15,518 --> 01:04:17,653
OWNERS ON THE RESERVATION AND 

1905
01:04:17,653 --> 01:04:19,222
NATIVE AMERICAN PEOPLE YOU SEE 

1906
01:04:19,222 --> 01:04:19,822
IN OTHER CITIES, AND WALKING 

1907
01:04:19,822 --> 01:04:23,392
THEM THROUGH THE SBA PROCESS, 

1908
01:04:23,392 --> 01:04:24,126
TAKING A SIX WEEK CLASS, HAVING 

1909
01:04:24,126 --> 01:04:25,294
TO LEARN HOW TO DO A BUSINESS 

1910
01:04:25,294 --> 01:04:27,063
PLAN, HOW TO PRESENT TO A BANK, 

1911
01:04:27,063 --> 01:04:30,099
HOW TO GET THE SMALLEST INTEREST

1912
01:04:30,099 --> 01:04:30,733
RATE LOAN. A LOT OF THOSE FOLKS,

1913
01:04:30,733 --> 01:04:31,601
THEY'RE, YOU KNOW, THEY'RE 

1914
01:04:31,601 --> 01:04:32,301
BUSINESS PEOPLE, BUT THEY'RE 

1915
01:04:32,301 --> 01:04:33,803
NOT. I MEAN, THEY'RE, THEY'RE 

1916
01:04:33,803 --> 01:04:36,539
ARTISTS. THEY WANT TO DO THEIR 

1917
01:04:36,539 --> 01:04:37,940
BUSINESS. LIKE NIKITA WAS 

1918
01:04:37,940 --> 01:04:40,209
SHARING, BUT THEY'RE NOT 

1919
01:04:40,209 --> 01:04:40,710
NECESSARILY LAWYERS AND 

1920
01:04:40,710 --> 01:04:43,379
CONTRACTORS. AND, YOU KNOW, THEY

1921
01:04:43,379 --> 01:04:44,347
DON'T DO THAT STUFF AND THEY 

1922
01:04:44,347 --> 01:04:47,083
NEED SOMEONE TO HELP THEM. SO 

1923
01:04:47,083 --> 01:04:48,551
THANK YOU, SHANTI, FOR HOW YOU 

1924
01:04:48,551 --> 01:04:49,719
WALKED US THROUGH THIS. THANK 

1925
01:04:49,719 --> 01:04:51,787
YOU, MADAM CHAIR, FOR PUTTING 

1926
01:04:51,787 --> 01:04:53,589
TOGETHER THIS GREAT PANEL. AND 

1927
01:04:53,589 --> 01:04:54,857
AGAIN, I APOLOGIZE FOR NOT BEING

1928
01:04:54,857 --> 01:04:56,792
THERE. I WOULD HAVE LOVED TO 

1929
01:04:56,792 --> 01:04:57,860
HAVE SEEN HIM IN FATIMA, BUT 

1930
01:04:57,860 --> 01:05:00,663
AYE. I WAS IN CONTACT WITH HIM. 

1931
01:05:00,663 --> 01:05:01,864
SO I'M HOPING THAT WE CAN DO 

1932
01:05:01,864 --> 01:05:03,366
THIS AGAIN AND GET MORE IN 

1933
01:05:03,366 --> 01:05:05,835
DEPTH. SO THANK YOU 

1934
01:05:05,835 --> 01:05:07,903
-- THANK YOU FOR THOSE GENEROUS 

1935
01:05:07,903 --> 01:05:08,905
WORDS. COUNCILMEMBER JUAREZ. AND

1936
01:05:08,905 --> 01:05:10,339
YES, FULL INTENT TO BRING IN 

1937
01:05:10,339 --> 01:05:11,540
MORE OF OUR SMALL BUSINESS 

1938
01:05:11,540 --> 01:05:13,609
PARTNERS AND KEEP THIS 

1939
01:05:13,609 --> 01:05:14,977
CONVERSATION GOING IN THIS 

1940
01:05:14,977 --> 01:05:15,611
COMMITTEE THROUGHOUT THIS YEAR, 

1941
01:05:15,611 --> 01:05:16,679
AND POTENTIALLY TAKE UP SOME 

1942
01:05:16,679 --> 01:05:18,080
ACTION AS WELL TO ADDRESS SOME 

1943
01:05:18,080 --> 01:05:20,349
OF THESE ISSUES THAT HAVE BEEN 

1944
01:05:20,349 --> 01:05:22,118
OUTLINED TODAY. AND I SHARED A 

1945
01:05:22,118 --> 01:05:23,486
NUMBER OF SIMILAR REFLECTIONS 

1946
01:05:23,486 --> 01:05:24,920
THAT YOU JUST SHARED WITH US, 

1947
01:05:24,920 --> 01:05:25,988
JUST RELATED TO TRIPLE NET. I 

1948
01:05:25,988 --> 01:05:29,992
MEAN, THE IDEA OF TRIPLE NET 

1949
01:05:29,992 --> 01:05:31,994
BEING MORE THAN BASE IS, IS 

1950
01:05:31,994 --> 01:05:33,129
PRETTY ASTONISHING TO ME. AND SO

1951
01:05:33,129 --> 01:05:35,498
I THANK YOU FOR ELEVATING THESE 

1952
01:05:35,498 --> 01:05:37,333
POINTS. ON, ON THAT MATTER, AS 

1953
01:05:37,333 --> 01:05:38,601
WELL AS A NUMBER OF OTHER 

1954
01:05:38,601 --> 01:05:39,936
POINTS. AND I WANT TO THANK YOU,

1955
01:05:39,936 --> 01:05:42,338
COUNCILMEMBER JUAREZ, FOR YOUR 

1956
01:05:42,338 --> 01:05:43,739
CAREFUL AND REALLY FOCUSED WORK 

1957
01:05:43,739 --> 01:05:45,408
IN THE LAKE CITY NEIGHBORHOOD 

1958
01:05:45,408 --> 01:05:46,676
RELATED TO FORMATION OF BIA. I 

1959
01:05:46,676 --> 01:05:47,777
KNOW THIS HAS BEEN JUST 

1960
01:05:47,777 --> 01:05:48,744
SOMETHING YOU'VE BEEN VERY 

1961
01:05:48,744 --> 01:05:50,613
FOCUSED ON, AND SO I JUST 

1962
01:05:50,613 --> 01:05:51,647
APPRECIATE YOUR LEADERSHIP. 

1963
01:05:51,647 --> 01:05:51,947
THANK YOU. 

1964
01:05:51,947 --> 01:05:53,382
-- I ONLY HAVE ONE THING TO SAY.

1965
01:05:53,382 --> 01:05:54,717
SURE. LET'S LET'S TRY TO DO IT

1966
01:05:54,717 --> 01:05:56,252
BEFORE I'M GONE IN NOVEMBER. SO

1967
01:05:56,252 --> 01:05:57,787
I DON'T KNOW WHAT WE CAN DO. 

1968
01:05:57,787 --> 01:05:58,521
BUT I'LL STILL BE IN D5 AND 

1969
01:05:58,521 --> 01:05:59,822
I'LL STILL BE AN ASSET FOR YOU 

1970
01:05:59,822 --> 01:06:01,057
AND FOR THESE SMALL BUSINESSES. 

1971
01:06:01,057 --> 01:06:02,491
SO THANK YOU, MADAM CHAIR. 

1972
01:06:02,491 --> 01:06:03,492
-- THANK YOU. THAT IS THAT IS 

1973
01:06:03,492 --> 01:06:04,994
THE HOPE THAT WE CAN HAVE YOU 

1974
01:06:04,994 --> 01:06:06,829
POTENTIALLY BE ABLE TO VOTE ON 

1975
01:06:06,829 --> 01:06:08,230
SOMETHING. SO THAT IS THAT IS 

1976
01:06:08,230 --> 01:06:08,931
THE TIMELINE I'D LIKE TO BE 

1977
01:06:08,931 --> 01:06:10,866
WORKING WITH ON THIS. AND I, I 

1978
01:06:10,866 --> 01:06:15,071
DO WANT TO I HAVE A COUPLE OF 

1979
01:06:15,071 --> 01:06:17,206
QUESTIONS JUST ON THIS POINT. 

1980
01:06:17,206 --> 01:06:19,041
ONE UNDERSTANDING. SO I HAVE A 

1981
01:06:19,041 --> 01:06:21,644
QUESTION FOR SHANTI. 

1982
01:06:21,644 --> 01:06:22,244
UNDERSTANDING THAT IT SOUNDS 

1983
01:06:22,244 --> 01:06:23,612
LIKE WE'D LOVE MORE CHANTIES. 

1984
01:06:23,612 --> 01:06:25,815
AND THAT'S ONE PIECE OF THIS. 

1985
01:06:25,815 --> 01:06:26,415
BUT YOU ALSO HIGHLIGHTED THAT 

1986
01:06:26,415 --> 01:06:27,950
THERE ARE JUST A NUMBER OF 

1987
01:06:27,950 --> 01:06:29,118
STRUCTURAL MATTERS, AND IT WAS 

1988
01:06:29,118 --> 01:06:30,219
SOMETHING THAT REALLY CAME OUT 

1989
01:06:30,219 --> 01:06:31,320
TO ME IN WHAT YOU SHARED WAS THE

1990
01:06:31,320 --> 01:06:32,922
MATTER THAT WE HAVE CODES THAT 

1991
01:06:32,922 --> 01:06:34,824
ARE IN CONFLICT WITH ONE 

1992
01:06:34,824 --> 01:06:37,126
ANOTHER, AND THAT FEELS LIKE 

1993
01:06:37,126 --> 01:06:38,227
SOMETHING ON THE GOVERNMENTAL 

1994
01:06:38,227 --> 01:06:38,894
LEVEL WE CAN BE REMEDYING. AND 

1995
01:06:38,894 --> 01:06:40,696
SO I'M WONDERING HOW IF I 

1996
01:06:40,696 --> 01:06:42,998
IMAGINE YOU PROBABLY HAVE A LIST

1997
01:06:42,998 --> 01:06:44,467
OF AREAS OF CONFLICT WHERE WE 

1998
01:06:44,467 --> 01:06:46,969
SEE CODES. AND SO I'M WONDERING

1999
01:06:46,969 --> 01:06:48,170
IF THERE'S SOMETHING LIKE THAT 

2000
01:06:48,170 --> 01:06:49,739
THAT EXISTS EITHER FROM YOU OR 

2001
01:06:49,739 --> 01:06:51,707
FROM OED AND HOW WE'RE TRACKING

2002
01:06:51,707 --> 01:06:52,508
THAT WORK, BECAUSE, I MEAN, 

2003
01:06:52,508 --> 01:06:53,876
THERE'S A NUMBER OF THINGS THAT

2004
01:06:53,876 --> 01:06:55,711
MAY BE OUT OF OUR CONTROL, BUT 

2005
01:06:55,711 --> 01:06:57,413
THE MATTERS OF TRYING TO ADDRESS

2006
01:06:57,413 --> 01:07:00,716
AND WORK ON A GOVERNMENT TO 

2007
01:07:00,716 --> 01:07:01,350
GOVERNMENT LEVEL TO ADDRESS THE 

2008
01:07:01,350 --> 01:07:03,185
CODE CONFLICTS FEELS LIKE 

2009
01:07:03,185 --> 01:07:06,422
SOMETHING THAT COULD BE 

2010
01:07:06,422 --> 01:07:12,027
SOLVABLE. 

2011
01:07:12,027 --> 01:07:12,361
-- [LAUGHTER] 

2012
01:07:12,361 --> 01:07:15,931
-- YEAH, I, I MEAN, I THINK TO 

2013
01:07:15,931 --> 01:07:17,266
SAY THEY'RE IN CONFLICT, IT'S 

2014
01:07:17,266 --> 01:07:21,437
MORE LIKE THEY DON'T COHERE, I 

2015
01:07:21,437 --> 01:07:22,138
GUESS IS WHAT I WOULD SAY, 

2016
01:07:22,138 --> 01:07:26,375
RIGHT? THERE'S SORT OF THESE 

2017
01:07:26,375 --> 01:07:27,009
OVERLAPPING LAYERS OF REGULATION

2018
01:07:27,009 --> 01:07:32,348
THAT AREN'T CONNECTED FOR PEOPLE

2019
01:07:32,348 --> 01:07:34,183
NECESSARILY. THE, THE SPECIAL 

2020
01:07:34,183 --> 01:07:38,220
REVIEW DISTRICTS IN PARTICULAR, 

2021
01:07:38,220 --> 01:07:39,522
THEY HAVE THEIR OWN AND THEY'RE

2022
01:07:39,522 --> 01:07:40,489
ALL DIFFERENT ACROSS THE CITY. 

2023
01:07:40,489 --> 01:07:41,891
EVERY SINGLE ONE IS DIFFERENT. 

2024
01:07:41,891 --> 01:07:44,760
THEY HAVE DIFFERENT RULES, 

2025
01:07:44,760 --> 01:07:47,163
DIFFERENT PROCESSES, THEIR OWN 

2026
01:07:47,163 --> 01:07:48,931
SPECIAL PART OF THE LAND USE 

2027
01:07:48,931 --> 01:07:50,699
CODE. AND THEN THERE'S ALSO THE

2028
01:07:50,699 --> 01:07:52,635
LAND USE CODE. THAT'S THE ZONING

2029
01:07:52,635 --> 01:07:55,004
PART THAT ALSO APPLIES. AND THAT

2030
01:07:55,004 --> 01:07:59,108
SDCI ADMINISTERS I'M JUST GOING

2031
01:07:59,108 --> 01:08:02,144
TO PUT THIS OUT HERE BECAUSE 

2032
01:08:02,144 --> 01:08:05,247
YOU'VE ASKED, IN MY OPINION, 

2033
01:08:05,247 --> 01:08:07,249
THAT PORTION OF THE DEPARTMENT 

2034
01:08:07,249 --> 01:08:11,387
OF NEIGHBORHOODS THAT IS UNDER 

2035
01:08:11,387 --> 01:08:16,792
THE PRESERVATION OFFICE SHOULD 

2036
01:08:16,792 --> 01:08:17,426
BE PART OF SDCI BECAUSE IT IS A 

2037
01:08:17,426 --> 01:08:19,095
REGULATORY BODY, AND I THINK 

2038
01:08:19,095 --> 01:08:20,896
THAT WOULD GO A LONG WAYS IN 

2039
01:08:20,896 --> 01:08:21,997
TERMS OF THE ISSUES WITH THE 

2040
01:08:21,997 --> 01:08:27,069
SPECIAL REVIEW DISTRICTS TO 

2041
01:08:27,069 --> 01:08:27,703
GETTING MORE COHERENCE AND STAFF

2042
01:08:27,703 --> 01:08:30,539
THAT ARE SIMPLY TALKING TO EACH 

2043
01:08:30,539 --> 01:08:31,173
OTHER AND TAKING RESPONSIBILITY 

2044
01:08:31,173 --> 01:08:33,476
FOR SHEPHERDING THROUGH 

2045
01:08:33,476 --> 01:08:34,343
APPLICATIONS THAT HAVE TO GO 

2046
01:08:34,343 --> 01:08:36,912
THROUGH MULTIPLE, MULTIPLE 

2047
01:08:36,912 --> 01:08:39,515
LAYERS OF REVIEW AND APPROVAL. 

2048
01:08:39,515 --> 01:08:40,583
THAT'S, THAT'S, THAT'S WHEN I

2049
01:08:40,583 --> 01:08:43,486
THROW OUT THERE. BUT I ALSO KNOW

2050
01:08:43,486 --> 01:08:44,954
THAT LIKE, IN TERMS OF THE OTHER

2051
01:08:44,954 --> 01:08:47,456
ISSUES WITH, WITH, YOU KNOW, 

2052
01:08:47,456 --> 01:08:48,691
SDCI CODES, THERE HAVE BEEN A 

2053
01:08:48,691 --> 01:08:50,226
FEW DIFFERENT THINGS THAT HAVE 

2054
01:08:50,226 --> 01:08:51,694
BEEN ADVANCED. I THINK THAT 

2055
01:08:51,694 --> 01:08:52,795
PHILIP SIT WAS WORKING ON. 

2056
01:08:52,795 --> 01:08:54,563
-- THAT'S RIGHT. YEAH. LAST 

2057
01:08:54,563 --> 01:08:58,501
YEAR WE WERE REALLY EXCITED TO 

2058
01:08:58,501 --> 01:09:00,970
PARTNER WITH SDCI ON UPDATES TO 

2059
01:09:00,970 --> 01:09:01,537
THE SUBSTANTIAL ALTERATIONS 

2060
01:09:01,537 --> 01:09:04,773
LEGISLATION, WHICH I THINK IS 

2061
01:09:04,773 --> 01:09:06,876
SIGNIFICANTLY EXEMPTED SMALLER 

2062
01:09:06,876 --> 01:09:07,443
COMMERCIAL SPACES FROM SOME 

2063
01:09:07,443 --> 01:09:09,178
PRETTY ONEROUS REQUIREMENTS. AND

2064
01:09:09,178 --> 01:09:10,012
LIKE SHANTI MENTIONED, I THINK 

2065
01:09:10,012 --> 01:09:12,548
WE ARE ALWAYS ON THE LOOKOUT AND

2066
01:09:12,548 --> 01:09:15,084
PROBABLY DO HAVE A MENTAL LIST 

2067
01:09:15,084 --> 01:09:16,952
OF WHAT ELSE DO WE WANT TO CLEAN

2068
01:09:16,952 --> 01:09:18,187
UP HERE AND ON SDCI, I DO JUST 

2069
01:09:18,187 --> 01:09:20,689
WANT TO GIVE A SHOUT OUT TO OUR 

2070
01:09:20,689 --> 01:09:23,726
PARTNER, PETER FURMINGER THERE, 

2071
01:09:23,726 --> 01:09:25,361
WHO FOR ANYBODY WATCHING THIS 

2072
01:09:25,361 --> 01:09:27,062
HEARING, WHO IS PLANNING ON 

2073
01:09:27,062 --> 01:09:27,663
STARTING A SMALL BUSINESS, I 

2074
01:09:27,663 --> 01:09:29,965
MEAN, PETER IS SUCH AN EXCELLENT

2075
01:09:29,965 --> 01:09:30,733
RESOURCE AT THE BEGINNING. I DO 

2076
01:09:30,733 --> 01:09:32,167
THINK ONE OF THE THINGS THAT 

2077
01:09:32,167 --> 01:09:33,936
SHANTI NOTED IS LIKE THE 

2078
01:09:33,936 --> 01:09:35,604
PERMITTING THICKET GETS VERY, 

2079
01:09:35,604 --> 01:09:37,673
VERY THICK, VERY FAST. AND SO I 

2080
01:09:37,673 --> 01:09:39,842
DO THINK THAT KIND OF LIKE FRONT

2081
01:09:39,842 --> 01:09:40,809
END CONSULTATION TENDS TO HELP A

2082
01:09:40,809 --> 01:09:43,612
LOT. BUT PETER HAS JUST BEEN 

2083
01:09:43,612 --> 01:09:45,781
SUCH A GREAT RESOURCE TO OED AND

2084
01:09:45,781 --> 01:09:46,749
THE SMALL BUSINESSES THAT WE 

2085
01:09:46,749 --> 01:09:48,350
WORK WITH AND KIND OF HELPING 

2086
01:09:48,350 --> 01:09:49,985
THEM NAVIGATE. BUT JUST LIKE WE 

2087
01:09:49,985 --> 01:09:52,488
NEED MORE CHANTIES, I THINK 

2088
01:09:52,488 --> 01:09:53,522
HAVING NOT NOT EVERY TYPE OF 

2089
01:09:53,522 --> 01:09:55,190
BUSINESS HAS ACCESS TO LIKE 

2090
01:09:55,190 --> 01:09:58,194
PETER AT EXACTLY THE RIGHT TIME.

2091
01:09:58,194 --> 01:09:58,961
AND ALSO IT'S JUST JUST ONE 

2092
01:09:58,961 --> 01:10:01,297
PERSON. AND SO I THINK THIS 

2093
01:10:01,297 --> 01:10:02,932
LARGER SYSTEMS POINT IS VERY 

2094
01:10:02,932 --> 01:10:03,766
WELL TAKEN. AND SOMETHING I'D 

2095
01:10:03,766 --> 01:10:05,434
SAY OED IS EXTREMELY SUPPORTIVE 

2096
01:10:05,434 --> 01:10:08,070
OF 

2097
01:10:08,070 --> 01:10:08,370
-- GABRIEL. 

2098
01:10:08,370 --> 01:10:09,638
-- IF I COULD JUST ADD REALLY 

2099
01:10:09,638 --> 01:10:12,007
QUICKLY, AS YOU'RE LOOKING AT 

2100
01:10:12,007 --> 01:10:13,709
THIS, THIS CODE ISSUE, ONE THING

2101
01:10:13,709 --> 01:10:15,711
I WANT TO HIGHLIGHT IS THAT 

2102
01:10:15,711 --> 01:10:18,180
OFTENTIMES I'VE SEEN MANY, MANY

2103
01:10:18,180 --> 01:10:18,814
BUSINESSES WORK WITH DIFFERENT 

2104
01:10:18,814 --> 01:10:21,216
CITY DEPARTMENTS, GET THEIR, GET

2105
01:10:21,216 --> 01:10:23,419
THEIR TO GET EVERYTHING ONLINE 

2106
01:10:23,419 --> 01:10:24,520
IN TERMS OF CODING. AND THEY 

2107
01:10:24,520 --> 01:10:26,355
THINK THEY HAVE EVERYTHING READY

2108
01:10:26,355 --> 01:10:29,291
TO GO, AND THEN THEY WILL HEAR 

2109
01:10:29,291 --> 01:10:31,560
BACK FROM FIRE OR SDCI OR 

2110
01:10:31,560 --> 01:10:33,362
ANOTHER DEPARTMENT AND BE TOLD 

2111
01:10:33,362 --> 01:10:35,030
YOU ARE ACTUALLY NOT UP TO CODE 

2112
01:10:35,030 --> 01:10:36,599
BECAUSE OF X, Y, Z, EVEN THOUGH 

2113
01:10:36,599 --> 01:10:38,567
THEY WERE TOLD BY THAT SAME 

2114
01:10:38,567 --> 01:10:40,002
INSTITUTION PREVIOUSLY THAT THEY

2115
01:10:40,002 --> 01:10:42,438
WERE. AND OFTENTIMES THIS CAN 

2116
01:10:42,438 --> 01:10:44,506
THIS ADDS TO THE COST OF, YOU 

2117
01:10:44,506 --> 01:10:45,574
KNOW, OF DOING THOSE BUILD OUTS,

2118
01:10:45,574 --> 01:10:47,176
MAKING THOSE CHANGES, AND ALSO 

2119
01:10:47,176 --> 01:10:48,243
THE WAIT TIME THAT IT TAKES TO 

2120
01:10:48,243 --> 01:10:50,412
START THOSE BUSINESSES. SO I 

2121
01:10:50,412 --> 01:10:51,714
WOULD JUST ADVISE TO, TO PAY 

2122
01:10:51,714 --> 01:10:53,315
CLOSE ATTENTION TO THAT AS WELL.

2123
01:10:53,315 --> 01:10:54,617
I DON'T KNOW IF IT'S A 

2124
01:10:54,617 --> 01:10:56,952
COMMUNICATION INTERDEPARTMENTAL 

2125
01:10:56,952 --> 01:10:57,753
COMMUNICATION THING, BUT JUST 

2126
01:10:57,753 --> 01:11:02,891
SOMETHING TO NOTE AS WELL 

2127
01:11:02,891 --> 01:11:04,526
-- MADAM CHAIR, MAY I ASK A 

2128
01:11:04,526 --> 01:11:05,861
QUESTION REAL QUICK? I 

2129
01:11:05,861 --> 01:11:06,161
APOLOGIZE. 

2130
01:11:06,161 --> 01:11:07,262
-- OH. 

2131
01:11:07,262 --> 01:11:07,830
-- PLEASE DO. COUNCILMEMBER 

2132
01:11:07,830 --> 01:11:10,332
JUAREZ YOU'RE RECOGNIZED. 

2133
01:11:10,332 --> 01:11:10,966
-- THANK YOU, MADAM CHAIR. I 

2134
01:11:10,966 --> 01:11:12,434
JUST WANT TO GO BACK TO SHANTI 

2135
01:11:12,434 --> 01:11:13,736
FOR A MINUTE, AND I COULDN'T 

2136
01:11:13,736 --> 01:11:15,404
WRITE IT DOWN QUICK ENOUGH. AND 

2137
01:11:15,404 --> 01:11:17,373
BLAME THAT ON ME. AND TECHNOLOGY

2138
01:11:17,373 --> 01:11:18,707
AND AGE. YOU SAID YOU WERE JUST 

2139
01:11:18,707 --> 01:11:20,009
GOING TO SAY IT, AND AYE. I 

2140
01:11:20,009 --> 01:11:21,577
MISSED WHAT YOU SAID. YOU SAID, 

2141
01:11:21,577 --> 01:11:23,279
SDCI, THAT YOU WHO SHOULD BE 

2142
01:11:23,279 --> 01:11:26,582
PART OF WHAT SDCI SHOULD EDDIE 

2143
01:11:26,582 --> 01:11:28,884
OR DIONNE. 

2144
01:11:28,884 --> 01:11:30,719
-- PRESERVATION THE OFFICE OF 

2145
01:11:30,719 --> 01:11:32,788
PRESERVATION, WHICH IS WITHIN 

2146
01:11:32,788 --> 01:11:35,157
THE DEPARTMENT OF NEIGHBORHOODS,

2147
01:11:35,157 --> 01:11:37,793
BUT IS ACTUALLY A REGULATORY 

2148
01:11:37,793 --> 01:11:38,694
BODY IN THE. I THINK A MAJORITY 

2149
01:11:38,694 --> 01:11:39,662
OF WHAT IT DOES, WHICH IS THE 

2150
01:11:39,662 --> 01:11:43,232
SPECIAL REVIEW DISTRICTS ACROSS 

2151
01:11:43,232 --> 01:11:45,000
THE CITY THERE YOU HAVE TO GET 

2152
01:11:45,000 --> 01:11:46,502
APPROVALS FROM THEM. YOU HAVE TO

2153
01:11:46,502 --> 01:11:48,237
GET CERTIFICATES OF APPROVAL 

2154
01:11:48,237 --> 01:11:50,706
FROM THEM IN ORDER TO PROCEED 

2155
01:11:50,706 --> 01:11:53,275
WITH FURTHER PERMITTING FROM 

2156
01:11:53,275 --> 01:11:54,677
SDCI. AND THEY HAVE THEIR OWN 

2157
01:11:54,677 --> 01:11:56,311
THEIR OWN SECTIONS IN THE LAND 

2158
01:11:56,311 --> 01:11:58,781
USE CODE. THEY HAVE THEIR OWN 

2159
01:11:58,781 --> 01:12:01,116
PROCESSES. THEY ARE A REGULATORY

2160
01:12:01,116 --> 01:12:03,085
BODY AND THEY SHOULD BE SITUATED

2161
01:12:03,085 --> 01:12:06,555
WITH THE REST OF THE REGULATORY 

2162
01:12:06,555 --> 01:12:07,790
BODIES. THE PHYSICAL SPACE, 

2163
01:12:07,790 --> 01:12:09,758
REGULATORY BODIES IN THE 

2164
01:12:09,758 --> 01:12:12,161
DEPARTMENT OF CONSTRUCTION AND 

2165
01:12:12,161 --> 01:12:12,494
INSPECTIONS. 

2166
01:12:12,494 --> 01:12:14,396
-- MADAM CHAIR, MAY I HAVE A 

2167
01:12:14,396 --> 01:12:15,130
FOLLOW UP QUESTION. 

2168
01:12:15,130 --> 01:12:17,266
-- PLEASE? 

2169
01:12:17,266 --> 01:12:18,534
-- THANK YOU. SO AND YOU MAY 

2170
01:12:18,534 --> 01:12:19,234
ALREADY HAVE THIS, AND I THINK 

2171
01:12:19,234 --> 01:12:21,937
WE DID THIS A FEW YEARS AGO. BUT

2172
01:12:21,937 --> 01:12:23,605
I KNOW WHAT WE KNOW FROM THE 

2173
01:12:23,605 --> 01:12:28,177
CITY SIDE, BUT SHANTI, JUST JUST

2174
01:12:28,177 --> 01:12:30,412
BECAUSE YOU DO THIS AND AND 

2175
01:12:30,412 --> 01:12:32,181
YOU'VE HAD GLOWING REVIEWS FROM

2176
01:12:32,181 --> 01:12:34,483
FROM NIKITA AND FOLKS HAVE YOU 

2177
01:12:34,483 --> 01:12:35,651
EVER THOUGHT OF OR HAVE YOU 

2178
01:12:35,651 --> 01:12:37,353
SUBMITTED OR WOULD YOU THINK 

2179
01:12:37,353 --> 01:12:39,354
ABOUT GIVING US JUST YOUR 

2180
01:12:39,354 --> 01:12:41,990
PERSPECTIVE, LIKE A FLOWCHART 

2181
01:12:41,990 --> 01:12:45,594
FROM LIKE FROM BEGINNING TO THE 

2182
01:12:45,594 --> 01:12:46,261
CHALLENGES AND THE CITY, THE 

2183
01:12:46,261 --> 01:12:47,896
ALPHABET CITY THAT SMALL 

2184
01:12:47,896 --> 01:12:50,232
BUSINESSES HAVE TO GO THROUGH 

2185
01:12:50,232 --> 01:12:54,403
FOR PERMITTING SDCI D, O AND 

2186
01:12:54,403 --> 01:12:55,704
OFFICE OF PRESERVATION. JUST 

2187
01:12:55,704 --> 01:12:57,139
EVEN IF IT'S THAT JUST REALLY 

2188
01:12:57,139 --> 01:12:58,574
CLUNKY, JUST SO WE CAN I FOR ME,

2189
01:12:58,574 --> 01:13:01,910
I'M A VISUAL LEARNER JUST SO I 

2190
01:13:01,910 --> 01:13:02,611
CAN VISUALLY SEE I, I KIND OF 

2191
01:13:02,611 --> 01:13:03,679
KNOW, BUT I DON'T THINK WE'VE 

2192
01:13:03,679 --> 01:13:06,048
EVER PUT PEN TO PAPER AND HAD 

2193
01:13:06,048 --> 01:13:06,982
SOMEONE ON THE PRIVATE SECTOR 

2194
01:13:06,982 --> 01:13:08,784
SIDE, LIKE A CONSULTANT LIKE 

2195
01:13:08,784 --> 01:13:10,219
YOU. I MEAN, WE HAVE OUR CITY 

2196
01:13:10,219 --> 01:13:11,653
DEPARTMENTS THAT COME AND THEIR 

2197
01:13:11,653 --> 01:13:12,588
STAFF AND THEY'RE, THEY, YOU 

2198
01:13:12,588 --> 01:13:14,857
KNOW, WE GET THOSE SLIDE DECKS, 

2199
01:13:14,857 --> 01:13:16,425
BUT I DON'T THINK I'VE EVER 

2200
01:13:16,425 --> 01:13:17,693
SEEN ANYTHING FROM THE PRIVATE 

2201
01:13:17,693 --> 01:13:18,627
SECTOR AS A CONSULTANT LIKE YOU 

2202
01:13:18,627 --> 01:13:21,830
COME IN AND SAY, HEY, THIS IS 

2203
01:13:21,830 --> 01:13:22,431
THIS IS WHERE THE CHALLENGES 

2204
01:13:22,431 --> 01:13:25,801
ARE. THIS IS WHERE, WHERE THINGS

2205
01:13:25,801 --> 01:13:26,835
DON'T MOVE AS SMOOTHLY AS WE 

2206
01:13:26,835 --> 01:13:29,371
WOULD LIKE, OR THIS IS WHERE 

2207
01:13:29,371 --> 01:13:31,039
THINGS ARE REPETITIVE OR 

2208
01:13:31,039 --> 01:13:31,640
DUPLICATIVE, DUPLICATIVE, YOU 

2209
01:13:31,640 --> 01:13:34,576
KNOW, WE'RE DOING THE SAME STUFF

2210
01:13:34,576 --> 01:13:36,178
OVER AND OVER, KIND OF WHERE THE

2211
01:13:36,178 --> 01:13:40,916
BOTTLENECKS ARE, IF YOU WILL. 

2212
01:13:40,916 --> 01:13:42,050
-- I THINK THAT WOULD BE AN 

2213
01:13:42,050 --> 01:13:45,654
INCREDIBLY HELPFUL THE FLOWCHART

2214
01:13:45,654 --> 01:13:48,157
ITSELF, BUT ALSO THE EXERCISE OF

2215
01:13:48,157 --> 01:13:50,826
DOING THAT AND HAVING MULTIPLE 

2216
01:13:50,826 --> 01:13:55,931
CITY DEPARTMENTS AND ELECTED 

2217
01:13:55,931 --> 01:13:56,532
LEADERS FAMILIAR WITH THAT A 

2218
01:13:56,532 --> 01:13:58,200
LITTLE BIT, AT LEAST SOME OF IT,

2219
01:13:58,200 --> 01:13:59,368
IT WOULD BE VERY HARD TO PUT 

2220
01:13:59,368 --> 01:14:01,770
THAT ALL INTO ONE CHART. AND I 

2221
01:14:01,770 --> 01:14:02,905
DEFINITELY DON'T HAVE THE 

2222
01:14:02,905 --> 01:14:04,239
EXPERTISE TO DO THAT MYSELF. 

2223
01:14:04,239 --> 01:14:05,541
THAT WOULD BE MULTIPLE PEOPLE 

2224
01:14:05,541 --> 01:14:06,275
THAT WOULD NEED TO HELP WITH 

2225
01:14:06,275 --> 01:14:10,012
DOING SOMETHING LIKE THAT. 

2226
01:14:10,012 --> 01:14:13,148
-- YEAH. AND I THINK IT'S I 

2227
01:14:13,148 --> 01:14:15,150
THINK THERE'S BITS AND PIECES 

2228
01:14:15,150 --> 01:14:15,818
OF IT. AND SO WITH THAT BROADER 

2229
01:14:15,818 --> 01:14:17,586
KIND OF COMMERCIAL SPACE 

2230
01:14:17,586 --> 01:14:18,253
CONSULTING TEAM, THERE PROBABLY 

2231
01:14:18,253 --> 01:14:19,588
IS WITHIN THAT. AND THEN 

2232
01:14:19,588 --> 01:14:20,789
PARTNERS WITHIN THE CITY TO BE 

2233
01:14:20,789 --> 01:14:22,457
ABLE TO DO THAT AT LEAST AS A 

2234
01:14:22,457 --> 01:14:24,326
STARTING POINT, TO UNDERSTAND, 

2235
01:14:24,326 --> 01:14:26,128
YOU KNOW, WHAT THE STEPS ARE 

2236
01:14:26,128 --> 01:14:27,329
THAT FOLKS HAVE TO GO THROUGH 

2237
01:14:27,329 --> 01:14:28,931
AND KIND OF WHAT THOSE. KEY 

2238
01:14:28,931 --> 01:14:30,265
POINTS, BECAUSE A LOT OF TIMES 

2239
01:14:30,265 --> 01:14:31,533
FOLKS ARE JUST DOING THEIR JOB 

2240
01:14:31,533 --> 01:14:33,068
IMPLEMENTING THE CODE. AND IT'S

2241
01:14:33,068 --> 01:14:35,003
JUST THAT IT DOESN'T ALWAYS TALK

2242
01:14:35,003 --> 01:14:36,672
TO EACH OTHER. AND SO BEING ABLE

2243
01:14:36,672 --> 01:14:40,142
TO SORT OF LAY THAT OUT 

2244
01:14:40,142 --> 01:14:40,676
HOLISTICALLY COULD BE AN 

2245
01:14:40,676 --> 01:14:41,243
INTERESTING PROJECT. AND I 

2246
01:14:41,243 --> 01:14:43,345
THINK, YOU KNOW, YOU KNOW, WITH 

2247
01:14:43,345 --> 01:14:44,613
SOME OF THE, THE PARTNERS THAT 

2248
01:14:44,613 --> 01:14:45,347
WE'VE BEEN WORKING WITH THROUGH

2249
01:14:45,347 --> 01:14:47,382
THAT COMMERCIAL SPACE CONSULTING

2250
01:14:47,382 --> 01:14:49,518
IN OUR PROGRAM, AN INTERESTING 

2251
01:14:49,518 --> 01:14:50,118
PLACE TO START WHO HAVE BEEN 

2252
01:14:50,118 --> 01:14:51,420
KIND OF DEALING WITH THAT AT A 

2253
01:14:51,420 --> 01:14:52,354
PRACTICAL LEVEL. SO WE'LL 

2254
01:14:52,354 --> 01:14:53,589
DEFINITELY KIND OF TAKE THAT. 

2255
01:14:53,589 --> 01:14:54,289
AND I KNOW THERE'S BEEN A LOT 

2256
01:14:54,289 --> 01:14:55,724
OF INTERNAL WORK ON PERMITTING 

2257
01:14:55,724 --> 01:14:58,093
AS WELL. THE OTHER THING I WAS 

2258
01:14:58,093 --> 01:14:59,895
GOING TO MENTION TO ONE THING 

2259
01:14:59,895 --> 01:15:01,129
ALICIA MENTIONED, PETER, ONE 

2260
01:15:01,129 --> 01:15:02,631
THING, LIKE JEN AND THE REST OF 

2261
01:15:02,631 --> 01:15:03,532
OUR TEAM HAVE BEEN THINKING 

2262
01:15:03,532 --> 01:15:05,634
ABOUT TOO, IS HOW TO GET FOLKS 

2263
01:15:05,634 --> 01:15:06,869
INFORMATION AROUND THE PERMITTED

2264
01:15:06,869 --> 01:15:08,837
USE OF THEIR SPACE BEFORE WE 

2265
01:15:08,837 --> 01:15:10,105
EVEN THINK OF CHANGING IT OR 

2266
01:15:10,105 --> 01:15:11,506
DOING THAT. BUT DOING THAT 

2267
01:15:11,506 --> 01:15:12,808
BEFORE YOU SIGN A LEASE SO THAT 

2268
01:15:12,808 --> 01:15:14,643
YOU CAN REALLY UNDERSTAND, A LOT

2269
01:15:14,643 --> 01:15:16,712
OF TIMES IT'S JUST NOT KNOWING 

2270
01:15:16,712 --> 01:15:18,747
SO THAT YOU DON'T MAKE THE BEST

2271
01:15:18,747 --> 01:15:19,748
CHOICE FOR YOUR, YOUR BUSINESS. 

2272
01:15:19,748 --> 01:15:22,751
AND SO JUST THAT BEING ABLE TO 

2273
01:15:22,751 --> 01:15:24,253
LOOK UP THE PERMITTED USE JUST 

2274
01:15:24,253 --> 01:15:25,621
AS KIND OF ONE IMMEDIATE THING 

2275
01:15:25,621 --> 01:15:26,588
THAT WE'RE, WE'RE WORKING ON 

2276
01:15:26,588 --> 01:15:29,291
AS WE GO THROUGH THIS WORK. 

2277
01:15:29,291 --> 01:15:32,361
-- AND I'LL JUST TAG ON A NOTE.

2278
01:15:32,361 --> 01:15:32,995
WE RECENTLY HELD A STAKEHOLDER 

2279
01:15:32,995 --> 01:15:35,163
MEETING. AND I THINK THAT THIS. 

2280
01:15:35,163 --> 01:15:35,898
FINDING OUT THE PERMITTED USE. I

2281
01:15:35,898 --> 01:15:37,866
MEAN, THIS IS SOMETHING THAT IS 

2282
01:15:37,866 --> 01:15:39,201
CHALLENGING ALL AROUND. WE HEARD

2283
01:15:39,201 --> 01:15:41,036
FROM BOTH PROPERTY OWNERS AS 

2284
01:15:41,036 --> 01:15:42,671
WELL AS THOSE WHO ARE WORKING 

2285
01:15:42,671 --> 01:15:44,206
WITH BUSINESSES. AND SO I THINK 

2286
01:15:44,206 --> 01:15:46,842
TO YOUR POINT, MADAM CHAIR, THAT

2287
01:15:46,842 --> 01:15:48,243
HOW ARE WE LOOKING AT THINGS IN 

2288
01:15:48,243 --> 01:15:49,378
THE CITY AND JUST MAKING IT 

2289
01:15:49,378 --> 01:15:51,647
EASIER TO FIND THIS INFORMATION 

2290
01:15:51,647 --> 01:15:53,148
WHEN WE CAN, BECAUSE SORT OF 

2291
01:15:53,148 --> 01:15:55,851
LIKE, NO MATTER WHO IT'S LANDING

2292
01:15:55,851 --> 01:15:56,551
ON, IT'S CHALLENGING TO FIND, I

2293
01:15:56,551 --> 01:16:01,723
THINK IS WHAT WE HEARD. SO. 

2294
01:16:01,723 --> 01:16:03,091
-- COUNCILMEMBER JUAREZ. I 

2295
01:16:03,091 --> 01:16:04,927
REALLY APPRECIATE THAT POINT AND

2296
01:16:04,927 --> 01:16:06,261
THAT CALL AND THE REQUEST FOR 

2297
01:16:06,261 --> 01:16:07,229
AROUND A FLOWCHART, I THINK I 

2298
01:16:07,229 --> 01:16:07,829
WOULD APPRECIATE THAT AS WELL 

2299
01:16:07,829 --> 01:16:11,233
AND WOULD LOVE TO FOLLOW UP ON 

2300
01:16:11,233 --> 01:16:11,867
POTENTIALLY THIS ACTIVITY WITH 

2301
01:16:11,867 --> 01:16:14,036
OUR PANELIST PARTNERS AND OPCD. 

2302
01:16:14,036 --> 01:16:15,237
DO YOU HAVE ANY ADDITIONAL 

2303
01:16:15,237 --> 01:16:20,676
FOLLOW UP OKAY. FABULOUS. WELL, 

2304
01:16:20,676 --> 01:16:21,476
I MENTIONED EARLIER THAT IT 

2305
01:16:21,476 --> 01:16:22,311
WOULD BE GREAT IF WE'D HAVE 

2306
01:16:22,311 --> 01:16:24,246
MORE CHANTIES, BUT I THINK WE 

2307
01:16:24,246 --> 01:16:25,280
ALL AGREE THAT IN THIS WORK, THE

2308
01:16:25,280 --> 01:16:27,082
GOAL IS THAT WE HAVE MORE 

2309
01:16:27,082 --> 01:16:29,585
NIKITAS AND MORE JÜRGENS IN THIS

2310
01:16:29,585 --> 01:16:31,219
WORK AS WELL. AND SO I DO HAVE 

2311
01:16:31,219 --> 01:16:32,955
SOME QUESTIONS FOR EACH OF YOU. 

2312
01:16:32,955 --> 01:16:37,225
UNDERSTANDING YOUR REPRESENTING 

2313
01:16:37,225 --> 01:16:37,826
SEPARATE INDUSTRIES. I'M 

2314
01:16:37,826 --> 01:16:38,460
WONDERING IF YOU CAN SPEAK TO 

2315
01:16:38,460 --> 01:16:40,429
SOME OF THE SPECIFICS JUST 

2316
01:16:40,429 --> 01:16:42,364
AROUND FOOD RELATED BUSINESSES 

2317
01:16:42,364 --> 01:16:42,998
WITH BRICK AND MORTAR AND THE 

2318
01:16:42,998 --> 01:16:45,167
CHALLENGES THAT COME WITH THAT. 

2319
01:16:45,167 --> 01:16:47,736
AND THEN I'D LOVE TO TURN TO 

2320
01:16:47,736 --> 01:16:49,771
YOU, NIKITA, TO TALK A LITTLE 

2321
01:16:49,771 --> 01:16:52,574
BIT ABOUT SOME OF THE BIGGEST 

2322
01:16:52,574 --> 01:16:53,108
OBSTACLES FACING CLOTHING 

2323
01:16:53,108 --> 01:16:55,110
RETAILERS 

2324
01:16:55,110 --> 01:16:57,012
-- YEAH, I THINK AS A 

2325
01:16:57,012 --> 01:16:58,880
RESTAURANT, THE CHALLENGE IS 

2326
01:16:58,880 --> 01:17:01,717
EVERYTHING IS THE PRICES GO UP, 

2327
01:17:01,717 --> 01:17:04,319
THE INFLATION, THE RENT, LABOR 

2328
01:17:04,319 --> 01:17:07,322
SUPPLIES, INGREDIENTS. AND 

2329
01:17:07,322 --> 01:17:10,726
BECAUSE, YOU KNOW, THERE'S MORE

2330
01:17:10,726 --> 01:17:12,494
VACANCY IN DOWNTOWN. SO OUR 

2331
01:17:12,494 --> 01:17:15,697
LUNCH BUSINESS IS BEING DROPPED.

2332
01:17:15,697 --> 01:17:18,300
SO IF I CAN HELP MORE BUSINESS 

2333
01:17:18,300 --> 01:17:22,037
GO INTO THE SPACE, I THINK CAN 

2334
01:17:22,037 --> 01:17:24,406
BRING MORE PEOPLE COME TO THE 

2335
01:17:24,406 --> 01:17:27,309
DOWNTOWN AREA, RIGHT? SO RIGHT 

2336
01:17:27,309 --> 01:17:28,944
NOW THEY HAVE RIGHT NOW, I FEEL 

2337
01:17:28,944 --> 01:17:31,146
LIKE PEOPLE LIKE TO GO TO THE 

2338
01:17:31,146 --> 01:17:33,749
EVENT, RIGHT? THEY GO TO THE 

2339
01:17:33,749 --> 01:17:35,217
EVENT, THEY GO SUMMERTIME. WE 

2340
01:17:35,217 --> 01:17:38,120
LOVE TO GO TO THE EVENT, BUT 

2341
01:17:38,120 --> 01:17:39,921
SEATTLE RAINS A LOT. IF A LOT OF

2342
01:17:39,921 --> 01:17:42,424
BIG PLAYS THEY CAN. THE VACANCY 

2343
01:17:42,424 --> 01:17:44,659
PLAYS, THEY CAN CHANGE INTO LIKE

2344
01:17:44,659 --> 01:17:45,494
INDOOR MARKET, SOMETHING LIKE 

2345
01:17:45,494 --> 01:17:46,728
THAT. THEY HAVE FOOD AND MUSIC. 

2346
01:17:46,728 --> 01:17:49,498
THEY HAVE SOME TEA FOR LIKE 

2347
01:17:49,498 --> 01:17:50,999
BRING PEOPLE LIKE TRY TO BRING 

2348
01:17:50,999 --> 01:17:54,302
MORE PEOPLE TRAFFIC, FOOT 

2349
01:17:54,302 --> 01:17:56,872
TRAFFIC. I THINK THAT'S THE MOST

2350
01:17:56,872 --> 01:17:59,074
IMPORTANT. AND ALSO AS A SMALL 

2351
01:17:59,074 --> 01:18:01,043
BUSINESS, THEY SAID A LOT OF 

2352
01:18:01,043 --> 01:18:03,578
PERMITTING, RIGHT? IT'S MAYBE 

2353
01:18:03,578 --> 01:18:08,550
SOME, MAYBE THE CONSULTING, THEY

2354
01:18:08,550 --> 01:18:10,685
CAN ADD ONE MORE PROGRAM IS 

2355
01:18:10,685 --> 01:18:12,454
CALLED LIKE CO-ORDINATOR. LIKE 

2356
01:18:12,454 --> 01:18:15,190
YOU HAVE TO IDEA LIKE A TIME 

2357
01:18:15,190 --> 01:18:17,059
FRAME OR THIS, AND THEN MAYBE 

2358
01:18:17,059 --> 01:18:18,794
THEY CAN GO MORE SMOOTHLY. THEY 

2359
01:18:18,794 --> 01:18:25,834
CAN OPEN THE DOOR MORE QUICKLY. 

2360
01:18:25,834 --> 01:18:26,134
YEAH, YEAH. 

2361
01:18:26,134 --> 01:18:27,369
-- THANK YOU SO MUCH FOR THAT. 

2362
01:18:27,369 --> 01:18:30,706
-- OH, ONE MORE THING I WANT TO 

2363
01:18:30,706 --> 01:18:32,441
MENTION IS BECAUSE ALSO DOWNTOWN

2364
01:18:32,441 --> 01:18:37,479
AREA, I THINK MAYBE SECURITY IS 

2365
01:18:37,479 --> 01:18:38,814
ANOTHER ISSUE FOR LIKE BUSINESS 

2366
01:18:38,814 --> 01:18:41,616
AND FOOT TRAFFIC, RIGHT? THAT'S

2367
01:18:41,616 --> 01:18:43,885
THE THING TO KEEP PEOPLE COMING 

2368
01:18:43,885 --> 01:18:45,387
AND THE BUSINESS BECAUSE THEY 

2369
01:18:45,387 --> 01:18:48,023
HAVE A LOT OF BREAKING WINDOW, 

2370
01:18:48,023 --> 01:18:49,357
THAT KIND OF STUFF. SO FOR 

2371
01:18:49,357 --> 01:18:51,993
EXAMPLE, LIKE A PLAZA, OUR 

2372
01:18:51,993 --> 01:18:54,496
PLAZA, THEY WANT TO HIRE SOME 

2373
01:18:54,496 --> 01:18:55,564
SECURITY IS LIKE THEY NEED TO 

2374
01:18:55,564 --> 01:18:58,433
ADD MORE FEE, BUT WITHOUT THAT, 

2375
01:18:58,433 --> 01:19:04,005
IT'S HARD TO DO AS WELL. YEAH. 

2376
01:19:04,005 --> 01:19:05,373
-- AYE. 

2377
01:19:05,373 --> 01:19:06,541
-- REALLY APPRECIATE THAT 

2378
01:19:06,541 --> 01:19:08,243
RESPONSE. AND THOSE POINTS. AND 

2379
01:19:08,243 --> 01:19:10,212
I WAS GOING TO MOVE NEXT TO 

2380
01:19:10,212 --> 01:19:11,947
NIKITA, BUT I THINK SHE STEPPED 

2381
01:19:11,947 --> 01:19:13,949
AWAY FOR A MOMENT. SO I WILL 

2382
01:19:13,949 --> 01:19:16,017
JUST PIVOT TO MAYBE A CLOSING 

2383
01:19:16,017 --> 01:19:16,585
QUESTION, AND MAYBE WE CAN 

2384
01:19:16,585 --> 01:19:19,121
CIRCLE BACK TO NIKITA WHEN SHE 

2385
01:19:19,121 --> 01:19:21,423
HOPEFULLY COMES BACK, MAYBE JUST

2386
01:19:21,423 --> 01:19:22,557
A CLOSING QUESTION FOR NOW, BUT 

2387
01:19:22,557 --> 01:19:24,159
ALSO, COLLEAGUES, IF YOU HAVE 

2388
01:19:24,159 --> 01:19:24,760
ADDITIONAL QUESTIONS, WANT TO 

2389
01:19:24,760 --> 01:19:27,829
MAKE SURE WE HEAR YOURS. JUST 

2390
01:19:27,829 --> 01:19:33,034
WHAT IS ONE THING YOU WISH 

2391
01:19:33,034 --> 01:19:33,668
EVERYONE WHO IS LOOKING TO LEASE

2392
01:19:33,668 --> 01:19:39,307
A SPACE KNEW BEFORE THEY SIGNED?

2393
01:19:39,307 --> 01:19:40,575
IT SOUNDS LIKE THERE'S A LOT OF

2394
01:19:40,575 --> 01:19:41,376
THINGS, BUT IF YOU WERE TO 

2395
01:19:41,376 --> 01:19:45,347
CHOOSE ONE, ONE THING. WOULD BE 

2396
01:19:45,347 --> 01:19:47,849
CURIOUS WHAT YOU WOULD SAY. 

2397
01:19:47,849 --> 01:19:50,952
MAYBE STARTING WITH SHANTI. 

2398
01:19:50,952 --> 01:19:52,787
-- I GUESS I'LL GO FIRST. 

2399
01:19:52,787 --> 01:19:54,289
-- THERE ARE MANY, MANY, MANY 

2400
01:19:54,289 --> 01:19:55,390
THINGS. BUT ONE THING I'LL 

2401
01:19:55,390 --> 01:19:58,059
HIGHLIGHT BECAUSE WE'VE TALKED 

2402
01:19:58,059 --> 01:20:00,695
ABOUT SOME OTHER THINGS AND THAT

2403
01:20:00,695 --> 01:20:06,635
IS HEIDI ALLUDED TO THIS. WHAT 

2404
01:20:06,635 --> 01:20:10,105
IS THE SPACE CURRENTLY CERTIFIED

2405
01:20:10,105 --> 01:20:14,876
FOR? WHAT IS THE CERTIFIED 

2406
01:20:14,876 --> 01:20:18,013
OCCUPANCY FOR THE SPACE? 

2407
01:20:18,013 --> 01:20:20,582
BECAUSE. THERE'S A FAIR AMOUNT 

2408
01:20:20,582 --> 01:20:21,550
OF BUSINESSES. AND I CAN GIVE 

2409
01:20:21,550 --> 01:20:24,953
YOU AN EXAMPLE, A SALON THAT I 

2410
01:20:24,953 --> 01:20:26,721
WORKED WITH IN BALLARD THROUGH 

2411
01:20:26,721 --> 01:20:29,624
AEDES PROGRAM THAT PURCHASED A 

2412
01:20:29,624 --> 01:20:31,159
SALON THAT HAD BEEN IN OPERATION

2413
01:20:31,159 --> 01:20:35,397
FOR SIX YEARS. IT HAD BEEN IN 

2414
01:20:35,397 --> 01:20:37,065
OPERATION SINCE PRIOR TO THE 

2415
01:20:37,065 --> 01:20:39,501
CURRENT PROPERTY OWNERSHIP, 

2416
01:20:39,501 --> 01:20:41,336
SIGNED A PURCHASE AND SALE 

2417
01:20:41,336 --> 01:20:44,940
AGREEMENT, SIGNED A LEASE, WENT 

2418
01:20:44,940 --> 01:20:45,974
TO DO SOME FAIRLY MINOR 

2419
01:20:45,974 --> 01:20:48,877
IMPROVEMENTS, COSMETIC 

2420
01:20:48,877 --> 01:20:49,511
IMPROVEMENTS TO EXPAND THE NAIL 

2421
01:20:49,511 --> 01:20:52,414
SALON, TO ALSO INCLUDE A FACIAL 

2422
01:20:52,414 --> 01:20:55,183
SPACES TO DO FACIAL WORK, AND 

2423
01:20:55,183 --> 01:20:59,487
FOUND OUT THAT WHEN THAT SALON 

2424
01:20:59,487 --> 01:21:01,456
WENT IN AND CONVERTED IT FROM 

2425
01:21:01,456 --> 01:21:03,825
OFFICE TO A SALON, THEY DID NOT 

2426
01:21:03,825 --> 01:21:06,962
GO THROUGH A CHANGE OF USE 

2427
01:21:06,962 --> 01:21:10,865
PROCESS AND CHANGE OF USE CAN BE

2428
01:21:10,865 --> 01:21:11,466
INCREDIBLY SCARY BECAUSE YOU 

2429
01:21:11,466 --> 01:21:15,437
JUST HAVE NO IDEA WHAT HOW CODES

2430
01:21:15,437 --> 01:21:17,138
HAVE CHANGED, WHAT NEW THINGS 

2431
01:21:17,138 --> 01:21:19,975
ARE GOING TO APPLY. BOTH THE 

2432
01:21:19,975 --> 01:21:21,776
COMPLEXITY OF THE PERMITTING 

2433
01:21:21,776 --> 01:21:22,777
WHICH CAUSES DELAY IN OPENING, 

2434
01:21:22,777 --> 01:21:24,946
BUT ALSO THE COST OF THOSE 

2435
01:21:24,946 --> 01:21:26,815
IMPROVEMENTS THAT YOU DIDN'T 

2436
01:21:26,815 --> 01:21:29,284
ANTICIPATE CAN BE VERY, VERY 

2437
01:21:29,284 --> 01:21:32,220
HIGH. UNFORTUNATELY, IN THAT 

2438
01:21:32,220 --> 01:21:34,923
PARTICULAR CASE, WE WERE ABLE TO

2439
01:21:34,923 --> 01:21:37,392
CALL PETER FOY, WHO IS 

2440
01:21:37,392 --> 01:21:39,194
INVALUABLE, AND HE HELPED USHER 

2441
01:21:39,194 --> 01:21:40,095
IT THROUGH. SO THERE WAS DELAY, 

2442
01:21:40,095 --> 01:21:43,965
BUT ONLY TWO MONTHS. IT COULD 

2443
01:21:43,965 --> 01:21:45,700
HAVE BEEN MUCH WORSE. SO THAT IS

2444
01:21:45,700 --> 01:21:47,002
ONE THING THAT I WOULD I WOULD 

2445
01:21:47,002 --> 01:21:48,904
REALLY JUST WISH THAT WHEN 

2446
01:21:48,904 --> 01:21:52,807
PEOPLE SIGN LEASES, THEY KNEW 

2447
01:21:52,807 --> 01:21:55,176
THE SPACE THAT THEY WAS BEING 

2448
01:21:55,176 --> 01:21:57,345
REPRESENTED TO THEM AS BEING 

2449
01:21:57,345 --> 01:21:59,114
VIABLE FOR THEIR USE. ACTUALLY 

2450
01:21:59,114 --> 01:22:02,017
WAS. AND I THINK THIS IS 

2451
01:22:02,017 --> 01:22:02,617
SOMETHING THERE'S BEEN SOME 

2452
01:22:02,617 --> 01:22:05,353
MENTION OF THIS COMMERCIAL 

2453
01:22:05,353 --> 01:22:08,123
TENANT TRANSPARENCY LEGISLATION 

2454
01:22:08,123 --> 01:22:09,324
THAT THAT EDDIE IS WORKING ON. 

2455
01:22:09,324 --> 01:22:09,991
AND THAT IS ONE OF THE THINGS 

2456
01:22:09,991 --> 01:22:12,294
THAT THAT COULD HELP ADDRESS 

2457
01:22:12,294 --> 01:22:15,897
GETTING THE CERTIFICATE OF 

2458
01:22:15,897 --> 01:22:16,364
OCCUPANCY OUT THERE. 

2459
01:22:16,364 --> 01:22:18,667
-- EXCELLENT. 

2460
01:22:18,667 --> 01:22:19,000
-- THANK YOU. 

2461
01:22:19,000 --> 01:22:19,634
-- SHANTI, HIT THE NAIL ON THE 

2462
01:22:19,634 --> 01:22:22,037
HEAD. THAT WAS WHAT I WAS GOING 

2463
01:22:22,037 --> 01:22:22,904
TO TALK ABOUT. BUT ANOTHER PIECE

2464
01:22:22,904 --> 01:22:25,740
I WANT TO HIGHLIGHT AS WELL IS 

2465
01:22:25,740 --> 01:22:29,044
INSURANCE. ARE IS WILL YOU BE 

2466
01:22:29,044 --> 01:22:29,678
ABLE TO RECEIVE INSURANCE FOR 

2467
01:22:29,678 --> 01:22:31,313
THE TYPE OF BUSINESS YOU ARE 

2468
01:22:31,313 --> 01:22:32,914
OPENING IN THAT LOCATION? THERE 

2469
01:22:32,914 --> 01:22:34,215
ARE SOME PLACES, LIKE I 

2470
01:22:34,215 --> 01:22:35,216
MENTIONED EARLIER IN THE CITY, 

2471
01:22:35,216 --> 01:22:37,018
THAT IN WHICH YOU CANNOT GET 

2472
01:22:37,018 --> 01:22:38,787
INSURED OR THE NUMBER OF 

2473
01:22:38,787 --> 01:22:41,389
INSURANCE OPTIONS ARE VERY LOW, 

2474
01:22:41,389 --> 01:22:43,558
WHICH MEANS THE COST OF 

2475
01:22:43,558 --> 01:22:45,527
INSURANCE IS VERY HIGH. AND ALSO

2476
01:22:45,527 --> 01:22:48,963
IN LOOKING INTO THAT, WHAT DOES 

2477
01:22:48,963 --> 01:22:51,366
WHAT DOES IT LOOK LIKE WHEN YOU 

2478
01:22:51,366 --> 01:22:54,069
DO FILE A CLAIM WITH YOUR 

2479
01:22:54,069 --> 01:22:55,103
INSURANCE? BECAUSE OFTENTIMES IF

2480
01:22:55,103 --> 01:22:56,638
YOU WE'VE SEEN BUSINESSES THAT 

2481
01:22:56,638 --> 01:22:57,806
HAVE THAT WILL EXPERIENCE A 

2482
01:22:57,806 --> 01:22:59,874
BREAK IN, YOU KNOW, THREE DAYS 

2483
01:22:59,874 --> 01:23:02,610
IN A ROW AND THEY WILL NOT TELL 

2484
01:23:02,610 --> 01:23:05,380
THEIR INSURANCE OUT OF FEAR THAT

2485
01:23:05,380 --> 01:23:05,980
THEIR PREMIUMS WILL INCREASE. 

2486
01:23:05,980 --> 01:23:08,016
AND SO THEY'LL PAY FOR THE, THE

2487
01:23:08,016 --> 01:23:10,285
LOSS OF PROFIT OR THE PRODUCT. 

2488
01:23:10,285 --> 01:23:12,854
AND ALL OF THE, YOU KNOW, BROKEN

2489
01:23:12,854 --> 01:23:16,157
WINDOWS, ET CETERA., OUT OF 

2490
01:23:16,157 --> 01:23:17,092
POCKET WITH HELP FROM EDDIE 

2491
01:23:17,092 --> 01:23:18,727
STOREFRONT REPAIR FUND AS WELL. 

2492
01:23:18,727 --> 01:23:19,761
BUT THAT'S STILL AN OUT OF 

2493
01:23:19,761 --> 01:23:21,363
POCKET INVESTMENT. AND THEN 

2494
01:23:21,363 --> 01:23:22,664
THEY'LL NOT BRING THAT BACK TO 

2495
01:23:22,664 --> 01:23:24,833
INSURANCE BECAUSE THE INCREASED 

2496
01:23:24,833 --> 01:23:26,267
RATES WILL SUPERSEDE THE LARGE 

2497
01:23:26,267 --> 01:23:27,268
AMOUNT OF MONEY THAT THEY 

2498
01:23:27,268 --> 01:23:29,304
ALREADY HAVE TO SPEND ON 

2499
01:23:29,304 --> 01:23:30,171
REBUILDING AFTER THOSE ISSUES. 

2500
01:23:30,171 --> 01:23:32,173
SO REALLY INVESTIGATING THAT 

2501
01:23:32,173 --> 01:23:33,942
LANDSCAPE AHEAD OF TIME AND 

2502
01:23:33,942 --> 01:23:37,312
BEING PREPARED TO UNDERSTAND 

2503
01:23:37,312 --> 01:23:37,645
THAT DYNAMIC. 

2504
01:23:37,645 --> 01:23:40,482
-- YEAH. AND I ALSO THINK SMALL 

2505
01:23:40,482 --> 01:23:41,683
BUSINESS, WHEN THEY SIGN THE 

2506
01:23:41,683 --> 01:23:44,619
LEASE, THEY NEED TO KNOW WHAT'S

2507
01:23:44,619 --> 01:23:48,390
POSSIBLE. TRIPLE NET CAN BE 

2508
01:23:48,390 --> 01:23:51,459
RIGHT BECAUSE SOMETIMES IT'S AN

2509
01:23:51,459 --> 01:23:54,262
ELEVATOR REPAIR, PARKING LOT 

2510
01:23:54,262 --> 01:23:56,264
PAINTING, REMOVE THE GRAFFITI. 

2511
01:23:56,264 --> 01:23:58,600
YOU HAVE TO LIKE EVEN RIGHT NOW,

2512
01:23:58,600 --> 01:24:00,301
THIS YEAR, YOU DON'T HAVE TO 

2513
01:24:00,301 --> 01:24:01,603
CONSIDER THIS FEE, BUT SOMETIMES

2514
01:24:01,603 --> 01:24:05,507
YOU NEED TO CONSIDER, OH, AFTER 

2515
01:24:05,507 --> 01:24:07,242
FIVE YEARS AND SIX YEARS, 

2516
01:24:07,242 --> 01:24:09,744
WHAT'S THE POSSIBLE FEE CAN BE 

2517
01:24:09,744 --> 01:24:11,146
IN THAT GROUP. AND THEN YOU CAN 

2518
01:24:11,146 --> 01:24:16,551
BE PREPARED. YEAH. 

2519
01:24:16,551 --> 01:24:17,318
-- I WOULD SAY NUMBER ONE PIECE 

2520
01:24:17,318 --> 01:24:18,553
OF ADVICE IS DON'T RUSH INTO 

2521
01:24:18,553 --> 01:24:21,589
SIGNING A LEASE. IT CAN TAKE A 

2522
01:24:21,589 --> 01:24:24,092
YEAR TO PROPERLY VET A SPACE AND

2523
01:24:24,092 --> 01:24:25,493
SEE WHAT OPTIONS ARE OUT THERE 

2524
01:24:25,493 --> 01:24:26,461
AND GET SOMETHING THAT REALLY 

2525
01:24:26,461 --> 01:24:27,562
FITS WITH YOUR BUSINESS. SO TAKE

2526
01:24:27,562 --> 01:24:31,166
YOUR TIME. IT'S 100% WORTH IT. 

2527
01:24:31,166 --> 01:24:32,267
AND IT AFFECTS, YOU KNOW, THE 

2528
01:24:32,267 --> 01:24:36,671
NEXT TEN, 20 YEARS OF YOUR 

2529
01:24:36,671 --> 01:24:37,005
BUSINESS. SO. 

2530
01:24:37,005 --> 01:24:40,608
-- I WAS GOING TO SAY SIMILAR, I

2531
01:24:40,608 --> 01:24:41,242
THINK JUST KNOWING THE QUESTIONS

2532
01:24:41,242 --> 01:24:43,445
TO ASK BEFORE YOU SIGN THE LEASE

2533
01:24:43,445 --> 01:24:45,146
AND KNOWING TO REACH OUT, WE, WE

2534
01:24:45,146 --> 01:24:46,881
WANT TO TALK TO PEOPLE BEFORE 

2535
01:24:46,881 --> 01:24:49,317
THEY SIGN THAT LEASE. AND SO 

2536
01:24:49,317 --> 01:24:49,984
WE'RE CONSTANTLY WORKING WITH 

2537
01:24:49,984 --> 01:24:50,618
OUR BUSINESS DISTRICT PARTNERS, 

2538
01:24:50,618 --> 01:24:52,821
OUR NEIGHBORHOOD PARTNERS, OUR 

2539
01:24:52,821 --> 01:24:54,122
CONSULTANTS, OUR SMALL 

2540
01:24:54,122 --> 01:24:55,490
BUSINESSES WHO ARE NETWORKED 

2541
01:24:55,490 --> 01:24:56,791
WITH OTHER SMALL BUSINESSES TO 

2542
01:24:56,791 --> 01:24:58,460
KNOW THAT THERE ARE SOME 

2543
01:24:58,460 --> 01:25:00,195
RESOURCES AND SUPPORTS, AND JUST

2544
01:25:00,195 --> 01:25:03,665
BEING ABLE TO ASK SOME OF THESE 

2545
01:25:03,665 --> 01:25:04,299
CRITICAL QUESTIONS. BEFORE THAT 

2546
01:25:04,299 --> 01:25:05,166
LEASE ASSIGNED AND REALLY THINK 

2547
01:25:05,166 --> 01:25:05,767
ABOUT LIKE, IS THIS THE BEST 

2548
01:25:05,767 --> 01:25:08,136
SPACE WHERE I CAN GROW AND 

2549
01:25:08,136 --> 01:25:11,606
THRIVE WITH MY BUSINESS 

2550
01:25:11,606 --> 01:25:13,875
-- I KNOW ONE THING THAT SHANTI 

2551
01:25:13,875 --> 01:25:15,310
MENTIONED IN HER COMMENTS 

2552
01:25:15,310 --> 01:25:18,146
EARLIER, WHICH IS LIKE, DOES MY 

2553
01:25:18,146 --> 01:25:19,547
BUSINESS AS A SMALL BUSINESS 

2554
01:25:19,547 --> 01:25:20,915
WORK FOR THE SPACE THAT I AM 

2555
01:25:20,915 --> 01:25:22,951
THINKING OF AND JUST REALLY KIND

2556
01:25:22,951 --> 01:25:24,352
OF HAVING THAT HONEST LOOK 

2557
01:25:24,352 --> 01:25:26,020
BEFORE, AS EVERYONE ELSE NOTED 

2558
01:25:26,020 --> 01:25:34,162
BEFORE YOU SIGNING THAT LEASE. 

2559
01:25:34,162 --> 01:25:35,530
-- THANK YOU. AND I DID SEE 

2560
01:25:35,530 --> 01:25:37,432
NIKITA FOR A MOMENT. NIKITA, I 

2561
01:25:37,432 --> 01:25:38,967
KNOW WE HAD A QUESTION THAT CAME

2562
01:25:38,967 --> 01:25:40,535
UP FOR YOU. I DON'T KNOW IF 

2563
01:25:40,535 --> 01:25:41,503
YOU'RE STILL WITH US. A 

2564
01:25:41,503 --> 01:25:43,104
QUESTION FOR YOU. IF YOU WANTED 

2565
01:25:43,104 --> 01:25:45,440
TO SPEAK TO ANYTHING SPECIFIC 

2566
01:25:45,440 --> 01:25:47,842
FACING CLOTHING RETAILERS OR 

2567
01:25:47,842 --> 01:25:49,110
ANYTHING YOU WISH FOLKS WOULD 

2568
01:25:49,110 --> 01:25:51,012
KNOW BEFORE THEY SIGNED A LEASE.

2569
01:25:51,012 --> 01:25:52,680
SO JUST AN ADDITIONAL CALL IN 

2570
01:25:52,680 --> 01:26:00,388
CASE YOU'RE STILL WITH US. 

2571
01:26:00,388 --> 01:26:02,123
RIGHT. WELL, AT THIS POINT IN 

2572
01:26:02,123 --> 01:26:04,926
SEEING NO FURTHER QUESTIONS FROM

2573
01:26:04,926 --> 01:26:07,629
COMMITTEE MEMBERS, I'M GOING TO

2574
01:26:07,629 --> 01:26:09,697
THANK EACH OF OUR PANELISTS FOR 

2575
01:26:09,697 --> 01:26:10,732
COMING AND SPEAKING WITH CANDOR 

2576
01:26:10,732 --> 01:26:13,067
AND CLARITY AND SHARING ABOUT 

2577
01:26:13,067 --> 01:26:13,568
THE CHALLENGES THAT ARE 

2578
01:26:13,568 --> 01:26:17,105
HAPPENING RIGHT NOW. IT IS MY 

2579
01:26:17,105 --> 01:26:18,339
INTENT, AS COMMITTEE CHAIR, THAT

2580
01:26:18,339 --> 01:26:19,107
WE KEEP UP THIS WORK, AND I WANT

2581
01:26:19,107 --> 01:26:22,677
TO GIVE A HUGE THANK YOU TO OED 

2582
01:26:22,677 --> 01:26:24,145
FOR TALKING ABOUT AND ALSO DOING

2583
01:26:24,145 --> 01:26:26,514
THIS WORK ON COMMERCIAL TENANT 

2584
01:26:26,514 --> 01:26:28,016
TRANSPARENCY AND WORKING ON A 

2585
01:26:28,016 --> 01:26:29,384
PIECE OF LEGISLATION TO BE ABLE 

2586
01:26:29,384 --> 01:26:30,518
TO ADDRESS SOME OF THE ISSUES 

2587
01:26:30,518 --> 01:26:31,586
THAT ARE RAISED TODAY. BUT I 

2588
01:26:31,586 --> 01:26:32,520
THINK WHAT IS VERY CLEAR IS THAT

2589
01:26:32,520 --> 01:26:33,688
THERE WERE A LOT OF ISSUES 

2590
01:26:33,688 --> 01:26:36,291
RAISED TODAY THAT NEED OUR 

2591
01:26:36,291 --> 01:26:37,892
ATTENTION AS A COUNCIL TO BE 

2592
01:26:37,892 --> 01:26:39,394
ABLE TO REMEDY. AND SO IN MANY 

2593
01:26:39,394 --> 01:26:43,598
WAYS, I'M VIEWING THIS AS THE 

2594
01:26:43,598 --> 01:26:45,266
START OF A LARGER BODY OF WORK 

2595
01:26:45,266 --> 01:26:47,702
TO ADDRESS THESE CHALLENGES. AND

2596
01:26:47,702 --> 01:26:48,269
SO I IMAGINE THERE WILL BE 

2597
01:26:48,269 --> 01:26:49,103
FOLLOW UPS TO EACH OF OUR 

2598
01:26:49,103 --> 01:26:52,440
PANELISTS FOR TODAY AS WE 

2599
01:26:52,440 --> 01:26:53,074
CONTINUE THIS WORK. BUT I WANT 

2600
01:26:53,074 --> 01:26:53,708
TO THANK YOU AGAIN FOR TAKING 

2601
01:26:53,708 --> 01:26:55,076
TIME THIS FRIDAY MORNING TO 

2602
01:26:55,076 --> 01:26:55,677
SHARE THIS, AND EXCITED TO BE 

2603
01:26:55,677 --> 01:26:58,713
MOVING IN PARTNERSHIP WITH YOU 

2604
01:26:58,713 --> 01:27:00,648
ALL. I HOPE EVERYONE HAS A GREAT

2605
01:27:00,648 --> 01:27:01,249
WEEKEND. THANK YOU AGAIN FOR 

2606
01:27:01,249 --> 01:27:05,119
BEING HERE. ALL RIGHT, 

2607
01:27:05,119 --> 01:27:07,889
COLLEAGUES, WE HAVE REACHED THE 

2608
01:27:07,889 --> 01:27:08,623
END OF OUR AGENDA FOR TODAY. ARE

2609
01:27:08,623 --> 01:27:14,429
THERE ANY QUESTIONS OR THINGS 

2610
01:27:14,429 --> 01:27:17,231
FOR THE GOOD OF THE ORDER? NO. 

2611
01:27:17,231 --> 01:27:21,069
FABULOUS. OKAY. I WILL RELEASE 

2612
01:27:21,069 --> 01:27:22,270
FOLKS INTO THEIR WEEKENDS. SO 

2613
01:27:22,270 --> 01:27:22,904
THE NEXT HUMAN SERVICES, LABOR 

2614
01:27:22,904 --> 01:27:23,438
AND ECONOMIC DEVELOPMENT 

2615
01:27:23,438 --> 01:27:25,506
COMMITTEE MEETING IS SCHEDULED 

2616
01:27:25,506 --> 01:27:29,243
FOR FRIDAY, AUGUST 7th AT 9: